Rehmann Capital Advisory Group decreased its holdings in Twilio Inc (NYSE:TWLO) by 75.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 439 shares of the technology company’s stock after selling 1,361 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Twilio were worth $60,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Toronto Dominion Bank raised its stake in Twilio by 333.2% in the 2nd quarter. Toronto Dominion Bank now owns 17,000 shares of the technology company’s stock worth $2,317,000 after purchasing an additional 13,076 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Twilio by 32.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 46,344 shares of the technology company’s stock worth $6,319,000 after purchasing an additional 11,290 shares in the last quarter. Mackenzie Financial Corp raised its stake in Twilio by 37.9% in the 2nd quarter. Mackenzie Financial Corp now owns 14,140 shares of the technology company’s stock worth $1,928,000 after purchasing an additional 3,885 shares in the last quarter. Nomura Holdings Inc. raised its stake in Twilio by 711.7% in the 2nd quarter. Nomura Holdings Inc. now owns 50,504 shares of the technology company’s stock worth $6,910,000 after purchasing an additional 44,282 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Twilio in the 2nd quarter worth about $71,000. Institutional investors and hedge funds own 74.58% of the company’s stock.
Several analysts have weighed in on the stock. TheStreet upgraded shares of Twilio from a “d” rating to a “c” rating in a research note on Monday, June 24th. Bank of America set a $160.00 target price on shares of Twilio and gave the company a “buy” rating in a research report on Monday, September 30th. Morgan Stanley upgraded shares of Twilio from an “equal” rating to a “weight” rating and boosted their target price for the company from $130.00 to $135.00 in a research report on Thursday, September 19th. KeyCorp boosted their target price on shares of Twilio from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $167.00 target price on shares of Twilio in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $147.62.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The company had revenue of $275.00 million for the quarter, compared to the consensus estimate of $264.43 million. Twilio had a negative net margin of 23.07% and a negative return on equity of 7.22%. The company’s revenue for the quarter was up 86.1% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. Equities research analysts forecast that Twilio Inc will post -1.54 earnings per share for the current year.
In related news, COO George Hu sold 1,000 shares of Twilio stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $145.65, for a total transaction of $145,650.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeff Lawson sold 20,830 shares of Twilio stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $145.07, for a total transaction of $3,021,808.10. The disclosure for this sale can be found here. Insiders have sold a total of 160,201 shares of company stock worth $20,417,659 over the last ninety days. 10.85% of the stock is currently owned by insiders.
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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