Raymond James & Associates Grows Stake in Twilio Inc. (NYSE:TWLO)

Raymond James & Associates increased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 235.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,386 shares of the technology company’s stock after purchasing an additional 54,310 shares during the quarter. Raymond James & Associates’ holdings in Twilio were worth $5,047,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its holdings in Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after buying an additional 166 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Twilio by 3.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after buying an additional 201 shares in the last quarter. Arizona State Retirement System grew its holdings in Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after buying an additional 205 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of Twilio by 0.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock valued at $3,413,000 after purchasing an additional 220 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Twilio by 43.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity

In other news, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares in the company, valued at approximately $9,548,236.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares in the company, valued at approximately $9,548,236.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is currently owned by company insiders.

Twilio Trading Up 5.2 %

Shares of NYSE TWLO opened at $84.82 on Friday. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $65.80 and a two-hundred day simple moving average of $61.12. The firm has a market cap of $13.62 billion, a PE ratio of -33.00, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35. Twilio Inc. has a twelve month low of $51.90 and a twelve month high of $85.59.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted ($0.23) EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

TWLO has been the subject of several analyst reports. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Morgan Stanley raised their price objective on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company raised their price objective on Twilio from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday. Needham & Company LLC raised their price objective on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Oppenheimer raised their price target on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Twilio has a consensus rating of “Hold” and an average price target of $79.55.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.