1,500 Shares in Twilio Inc (TWLO) Acquired by Synovus Financial Corp

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Synovus Financial Corp purchased a new stake in shares of Twilio Inc (NYSE:TWLO) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,500 shares of the technology company’s stock, valued at approximately $129,000.

Several other hedge funds have also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. raised its position in shares of Twilio by 14.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,990 shares of the technology company’s stock valued at $689,000 after acquiring an additional 995 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Twilio by 9.8% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,188 shares of the technology company’s stock valued at $966,000 after acquiring an additional 1,000 shares in the last quarter. Kopp Investment Advisors LLC raised its position in shares of Twilio by 1.8% during the 2nd quarter. Kopp Investment Advisors LLC now owns 69,125 shares of the technology company’s stock valued at $3,872,000 after acquiring an additional 1,240 shares in the last quarter. Peloton Wealth Strategists raised its position in shares of Twilio by 4.7% during the 2nd quarter. Peloton Wealth Strategists now owns 28,690 shares of the technology company’s stock valued at $1,607,000 after acquiring an additional 1,290 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Twilio by 14.9% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 10,773 shares of the technology company’s stock valued at $929,000 after acquiring an additional 1,396 shares in the last quarter. 57.29% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO George Hu sold 5,000 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $75.44, for a total value of $377,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeff Lawson sold 20,830 shares of the stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $71.67, for a total value of $1,492,886.10. The disclosure for this sale can be found here. In the last three months, insiders sold 184,477 shares of company stock valued at $14,711,857. Company insiders own 19.80% of the company’s stock.

Several research firms recently issued reports on TWLO. Zacks Investment Research raised Twilio from a “sell” rating to a “hold” rating in a research report on Sunday, July 15th. Mitsubishi UFJ Financial Group upped their price target on Twilio to $87.00 and gave the company an “overweight” rating in a research report on Wednesday. Canaccord Genuity upped their price target on Twilio from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday. Argus upped their price target on Twilio from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $95.00 price objective on shares of Twilio in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $81.22.

Shares of TWLO opened at $92.23 on Friday. The firm has a market cap of $9.37 billion, a P/E ratio of -118.24 and a beta of 1.00. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.98. Twilio Inc has a 12 month low of $23.25 and a 12 month high of $98.89.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.04. The firm had revenue of $168.90 million during the quarter, compared to the consensus estimate of $151.62 million. Twilio had a negative return on equity of 19.56% and a negative net margin of 16.70%. The firm’s revenue was up 68.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.08) EPS. On average, equities analysts forecast that Twilio Inc will post -0.77 earnings per share for the current fiscal year.

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Twilio Company Profile

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.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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