New York Life Investment Management LLC Grows Stake in Twilio Inc. (NYSE:TWLO)

New York Life Investment Management LLC boosted its holdings in shares of Twilio Inc. (NYSE:TWLOFree Report) by 70.9% during the 3rd quarter, Holdings Channel reports. The firm owned 22,119 shares of the technology company’s stock after buying an additional 9,180 shares during the period. New York Life Investment Management LLC’s holdings in Twilio were worth $1,295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in Twilio by 18.7% in the first quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock valued at $114,000 after purchasing an additional 109 shares during the period. Global Wealth Management Investment Advisory Inc. raised its position in Twilio by 8.3% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock valued at $285,000 after purchasing an additional 133 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Twilio by 3.4% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,186 shares of the technology company’s stock valued at $330,000 after buying an additional 170 shares in the last quarter. Covestor Ltd grew its stake in shares of Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after buying an additional 172 shares in the last quarter. Finally, Veritable L.P. grew its stake in shares of Twilio by 5.3% in the second quarter. Veritable L.P. now owns 3,437 shares of the technology company’s stock valued at $219,000 after buying an additional 172 shares in the last quarter. Institutional investors own 80.87% of the company’s stock.

Twilio Stock Performance

Shares of NYSE TWLO opened at $69.10 on Wednesday. The company has a quick ratio of 6.53, a current ratio of 6.53 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $72.29 and its two-hundred day moving average price is $64.01. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $79.70. The stock has a market capitalization of $12.51 billion, a P/E ratio of -14.49 and a beta of 1.41.

Twilio (NYSE:TWLOGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.29) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.29). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $985.03 million. Twilio had a negative return on equity of 3.06% and a negative net margin of 21.44%. As a group, sell-side analysts forecast that Twilio Inc. will post -0.72 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Twilio Inc sold 5,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $0.57, for a total transaction of $2,850,000.00. Following the sale, the insider now owns 5,000,000 shares of the company’s stock, valued at $2,850,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Twilio news, major shareholder Twilio Inc sold 5,000,000 shares of Twilio stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $0.57, for a total value of $2,850,000.00. Following the transaction, the insider now owns 5,000,000 shares in the company, valued at $2,850,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dana Wagner sold 754 shares of Twilio stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $68.05, for a total transaction of $51,309.70. Following the completion of the transaction, the insider now owns 132,122 shares in the company, valued at approximately $8,990,902.10. The disclosure for this sale can be found here. Insiders have sold a total of 5,020,880 shares of company stock valued at $4,342,944 over the last quarter. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TWLO shares. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Thursday, November 9th. Needham & Company LLC boosted their target price on Twilio from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. The Goldman Sachs Group boosted their target price on Twilio from $63.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Barclays boosted their target price on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Piper Sandler raised Twilio from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $82.00 in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.00.

Check Out Our Latest Analysis on Twilio

Twilio Company Profile

(Free Report)

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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