Mercer Global Advisors Inc. ADV purchased a new position in Twilio Inc (NYSE:TWLO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,193 shares of the technology company’s stock, valued at approximately $374,000.
A number of other institutional investors have also bought and sold shares of TWLO. Coatue Management LLC bought a new stake in Twilio in the fourth quarter worth $86,056,000. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Twilio by 1,234.3% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 974,515 shares of the technology company’s stock worth $87,024,000 after purchasing an additional 901,480 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in Twilio in the fourth quarter worth $72,497,000. Vanguard Group Inc lifted its stake in Twilio by 10.5% in the third quarter. Vanguard Group Inc now owns 6,480,321 shares of the technology company’s stock worth $559,122,000 after purchasing an additional 613,596 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Twilio by 10.5% in the third quarter. Vanguard Group Inc. now owns 6,480,321 shares of the technology company’s stock worth $559,122,000 after purchasing an additional 613,596 shares during the last quarter. 57.19% of the stock is owned by institutional investors and hedge funds.
In related news, COO George Hu sold 10,000 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $111.50, for a total transaction of $1,115,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Erika Rottenberg sold 808 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $106.22, for a total transaction of $85,825.76. The disclosure for this sale can be found here. Insiders have sold 100,165 shares of company stock worth $12,076,547 in the last quarter. 19.80% of the stock is owned by corporate insiders.
TWLO stock opened at $122.13 on Friday. Twilio Inc has a 12-month low of $39.59 and a 12-month high of $136.00. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of -152.66 and a beta of 1.34. 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 released its quarterly earnings data on Tuesday, February 12th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.21. Twilio had a negative net margin of 18.76% and a negative return on equity of 21.00%. The firm had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $184.46 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The company’s revenue for the quarter was up 77.3% compared to the same quarter last year. As a group, equities analysts predict that Twilio Inc will post -1.08 EPS for the current year.
TWLO has been the subject of several recent research reports. Argus boosted their price target on shares of Twilio to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. Zacks Investment Research raised shares of Twilio from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday. Guggenheim initiated coverage on shares of Twilio in a research note on Monday, March 11th. They issued a “buy” rating and a $140.00 price target for the company. Deutsche Bank boosted their price target on shares of Twilio from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, KeyCorp restated an “overweight” rating and issued a $114.00 price objective (up previously from $103.00) on shares of Twilio in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Twilio presently has a consensus rating of “Buy” and an average target price of $125.55.
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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