1,540 Shares in Twilio Inc. (NYSE:TWLO) Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in Twilio Inc. (NYSE:TWLO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,540 shares of the technology company’s stock, valued at approximately $87,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC lifted its stake in shares of Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after purchasing an additional 166 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of 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 worth $355,000 after acquiring an additional 201 shares during the last quarter. Arizona State Retirement System grew its position in shares of 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 acquiring an additional 205 shares during the period. Royal London Asset Management Ltd. raised its holdings in Twilio by 0.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after purchasing an additional 220 shares during the period. Finally, HHM Wealth Advisors LLC grew its holdings in Twilio by 43.3% during the second 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 period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Trading Up 1.0 %

TWLO opened at $64.68 on Friday. The stock has a 50-day moving average of $60.29 and a 200 day moving average of $59.50. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The firm has a market cap of $11.07 billion, a P/E ratio of -15.97, a P/E/G ratio of 3.59 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its earnings results 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 firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business earned ($0.23) EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts forecast that Twilio Inc. will post 0.54 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,237 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the transaction, the insider now owns 160,137 shares in the company, valued at $9,012,510.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Dana Wagner sold 4,237 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the sale, the insider now directly owns 160,137 shares of the company’s stock, valued at $9,012,510.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 6,797 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.33, for a total value of $382,875.01. Following the completion of the transaction, the chief financial officer now owns 195,048 shares of the company’s stock, valued at approximately $10,987,053.84. The disclosure for this sale can be found here. Insiders have sold 47,030 shares of company stock worth $2,677,475 over the last quarter. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TWLO has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their target price on shares of Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Barclays lowered their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.52.

Twilio 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.