Hsbc Holdings PLC Buys 11,012 Shares of Twilio Inc. (NYSE:TWLO)

Hsbc Holdings PLC increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 445,640 shares of the technology company’s stock after acquiring an additional 11,012 shares during the period. Hsbc Holdings PLC owned 0.26% of Twilio worth $25,216,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in Twilio during the 4th quarter worth $25,000. SouthState Corp boosted its stake in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Twilio in the 2nd quarter valued at approximately $29,000. Westend Capital Management LLC bought a new position in Twilio in the 1st quarter worth approximately $35,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 591 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the sale, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares in the company, valued at approximately $9,540,581.19. The disclosure for this sale can be found here. Insiders have sold a total of 47,030 shares of company stock valued at $2,677,475 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TWLO. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Tigress Financial upped their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $70.00 to $60.00 in a report on Friday, June 14th. Finally, Wells Fargo & Company lifted their price objective on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $70.52.

Twilio Stock Up 0.9 %

Shares of TWLO opened at $63.22 on Friday. The company has a market capitalization of $10.15 billion, a P/E ratio of -15.77, a PEG ratio of 3.43 and a beta of 1.35. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The business’s 50 day simple moving average is $59.94 and its 200-day simple moving average is $59.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

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.