Parametric Portfolio Associates LLC Boosts Stake in Twilio Inc (NYSE:TWLO)

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Parametric Portfolio Associates LLC raised its position in Twilio Inc (NYSE:TWLO) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,383 shares of the technology company’s stock after buying an additional 13,506 shares during the period. Parametric Portfolio Associates LLC’s holdings in Twilio were worth $20,096,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TWLO. Jennison Associates LLC increased its stake in Twilio by 264.4% in the 2nd quarter. Jennison Associates LLC now owns 3,482,690 shares of the technology company’s stock valued at $474,865,000 after buying an additional 2,526,830 shares during the last quarter. BlackRock Inc. increased its stake in Twilio by 26.4% in the 1st quarter. BlackRock Inc. now owns 4,956,403 shares of the technology company’s stock valued at $640,268,000 after buying an additional 1,034,624 shares during the last quarter. FMR LLC increased its stake in Twilio by 1,128.3% in the 1st quarter. FMR LLC now owns 973,397 shares of the technology company’s stock valued at $125,743,000 after buying an additional 894,151 shares during the last quarter. First Trust Advisors LP increased its stake in Twilio by 85.3% in the 2nd quarter. First Trust Advisors LP now owns 981,024 shares of the technology company’s stock valued at $133,763,000 after buying an additional 451,651 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Twilio by 164.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 718,859 shares of the technology company’s stock valued at $98,016,000 after buying an additional 446,620 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

In other Twilio news, Director Jeffrey R. Immelt acquired 8,500 shares of Twilio stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $122.78 per share, for a total transaction of $1,043,630.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Karyn Smith sold 937 shares of Twilio stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $142.38, for a total transaction of $133,410.06. The disclosure for this sale can be found here. Insiders sold a total of 106,498 shares of company stock valued at $14,382,983 over the last quarter. 10.85% of the stock is owned by company insiders.

TWLO has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $167.00 price objective on shares of Twilio in a research note on Thursday, July 25th. TheStreet upgraded shares of Twilio from a “d” rating to a “c” rating in a research note on Monday, June 24th. KeyCorp raised their price target on shares of Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Needham & Company LLC started coverage on shares of Twilio in a research note on Tuesday, June 18th. They set a “buy” rating and a $165.00 price target for the company. Finally, Morgan Stanley upgraded shares of Twilio from an “equal” rating to a “weight” rating and raised their price target for the stock from $130.00 to $135.00 in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $147.62.

Twilio stock traded up $1.50 during mid-day trading on Thursday, reaching $114.05. The company’s stock had a trading volume of 3,924,179 shares, compared to its average volume of 3,710,897. Twilio Inc has a 12-month low of $62.43 and a 12-month high of $151.00. The company has a market capitalization of $15.04 billion, a P/E ratio of -142.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 10.21 and a current ratio of 10.21. The firm’s fifty day moving average price is $126.41 and its two-hundred day moving average price is $131.91.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). Twilio had a negative net margin of 23.07% and a negative return on equity of 7.22%. The business had revenue of $275.00 million during the quarter, compared to analysts’ expectations of $264.43 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was up 86.1% on a year-over-year basis. On average, research analysts predict that Twilio Inc will post -1.39 EPS for the current fiscal year.

About Twilio

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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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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