Twilio Inc (TWLO) Holdings Lifted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its stake in shares of Twilio Inc (NYSE:TWLO) by 466.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,812 shares of the technology company’s stock after acquiring an additional 5,610 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Twilio were worth $588,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TWLO. Catalyst Capital Advisors LLC bought a new position in shares of Twilio in the 2nd quarter worth about $112,000. Patton Albertson Miller Group LLC bought a new position in shares of Twilio in the 3rd quarter worth about $115,000. Cerebellum GP LLC bought a new position in shares of Twilio in the 2nd quarter worth about $161,000. Tower Research Capital LLC TRC bought a new position in shares of Twilio in the 2nd quarter worth about $182,000. Finally, BKS Advisors LLC bought a new position in shares of Twilio in the 3rd quarter worth about $208,000. 56.58% of the stock is owned by institutional investors.

In other Twilio news, General Counsel Karyn Smith sold 939 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $74.55, for a total transaction of $70,002.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeff Lawson sold 20,830 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $85.72, for a total transaction of $1,785,547.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,477 shares of company stock worth $14,711,857. 19.80% of the stock is currently owned by insiders.



A number of research firms have recently issued reports on TWLO. Piper Jaffray Companies restated a “buy” rating and issued a $85.00 price target on shares of Twilio in a research report on Tuesday, August 7th. Mitsubishi UFJ Financial Group raised their price target on shares of Twilio to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 14th. Bank of America raised their price target on shares of Twilio from $63.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Twilio to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 7th. Finally, Northland Securities restated a “buy” rating and issued a $75.00 price target on shares of Twilio in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Twilio currently has a consensus rating of “Buy” and an average target price of $76.55.

Shares of NYSE:TWLO opened at $69.84 on Wednesday. The stock has a market capitalization of $6.42 billion, a P/E ratio of -89.54 and a beta of 0.32. Twilio Inc has a fifty-two week low of $23.25 and a fifty-two week high of $88.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 7.20 and a current ratio of 7.20.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Monday, August 6th. The technology company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.09. The firm had revenue of $147.80 million for the quarter, compared to the consensus estimate of $130.39 million. Twilio had a negative net margin of 18.29% and a negative return on equity of 21.41%. Twilio’s quarterly revenue was up 54.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) EPS. On average, research analysts expect that Twilio Inc will post -0.77 earnings per share for the current fiscal year.

Twilio 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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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