Congress Park Capital LLC lifted its position in shares of Twilio Inc (NYSE:TWLO) by 5.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,695 shares of the technology company’s stock after buying an additional 130 shares during the quarter. Congress Park Capital LLC’s holdings in Twilio were worth $348,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its position in shares of Twilio by 10.5% during the 3rd quarter. Vanguard Group Inc now owns 6,480,321 shares of the technology company’s stock valued at $559,122,000 after buying an additional 613,596 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Twilio by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,480,321 shares of the technology company’s stock valued at $559,122,000 after buying an additional 613,596 shares in the last quarter. BlackRock Inc. raised its position in shares of Twilio by 2.2% during the 4th quarter. BlackRock Inc. now owns 3,921,779 shares of the technology company’s stock valued at $350,216,000 after buying an additional 85,812 shares in the last quarter. Whale Rock Capital Management LLC raised its position in shares of Twilio by 16.3% during the 4th quarter. Whale Rock Capital Management LLC now owns 2,461,782 shares of the technology company’s stock valued at $219,837,000 after buying an additional 345,694 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Twilio by 68.1% during the 4th quarter. Millennium Management LLC now owns 1,083,357 shares of the technology company’s stock valued at $96,744,000 after buying an additional 439,063 shares in the last quarter. Institutional investors own 57.19% of the company’s stock.
Shares of NYSE:TWLO opened at $123.08 on Thursday. The stock has a market cap of $15.21 billion, a P/E ratio of -153.85 and a beta of 1.34. Twilio Inc has a 12 month low of $39.59 and a 12 month high of $136.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.33 and a current ratio of 6.33.
Twilio (NYSE:TWLO) last issued its quarterly earnings results on Tuesday, February 12th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.21. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $184.46 million. Twilio had a negative net margin of 18.76% and a negative return on equity of 21.00%. The firm’s revenue was up 77.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS. On average, equities analysts forecast that Twilio Inc will post -1.08 EPS for the current year.
TWLO has been the topic of several recent research reports. Argus upped their target price on shares of Twilio to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 14th. Guggenheim initiated coverage on shares of Twilio in a research report on Monday, March 11th. They set a “buy” rating and a $140.00 target price on the stock. KeyCorp restated an “overweight” rating and set a $114.00 target price (up from $103.00) on shares of Twilio in a research report on Tuesday, January 8th. Stephens assumed coverage on shares of Twilio in a report on Monday, April 1st. They set a “hold” rating and a $110.00 price target on the stock. Finally, Morgan Stanley assumed coverage on shares of Twilio in a report on Friday, March 15th. They set an “equal weight” rating and a $130.00 price target on the stock. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Twilio has a consensus rating of “Buy” and an average target price of $121.93.
In other Twilio news, CEO Jeff Lawson sold 20,830 shares of the company’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $104.12, for a total value of $2,168,819.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Karyn Smith sold 24,487 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $129.72, for a total transaction of $3,176,453.64. The disclosure for this sale can be found here. Insiders sold a total of 124,256 shares of company stock worth $14,585,424 over the last 90 days. Insiders own 19.80% of the company’s stock.
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Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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