Kopp Investment Advisors LLC boosted its stake in shares of Twilio Inc (NYSE:TWLO) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,125 shares of the technology company’s stock after purchasing an additional 1,240 shares during the quarter. Twilio comprises 3.3% of Kopp Investment Advisors LLC’s holdings, making the stock its 6th largest holding. Kopp Investment Advisors LLC owned 0.07% of Twilio worth $3,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of TWLO. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Twilio by 83.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,889 shares of the technology company’s stock valued at $263,000 after purchasing an additional 3,124 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Twilio in the first quarter worth about $228,000. Swiss National Bank boosted its holdings in Twilio by 10.9% in the first quarter. Swiss National Bank now owns 113,800 shares of the technology company’s stock worth $4,345,000 after acquiring an additional 11,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Twilio by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 333,165 shares of the technology company’s stock worth $12,721,000 after acquiring an additional 14,385 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in Twilio by 61.4% in the first quarter. King Luther Capital Management Corp now owns 144,990 shares of the technology company’s stock worth $5,536,000 after acquiring an additional 55,140 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.

Shares of NYSE:TWLO traded up $1.08 during trading on Friday, hitting $86.39. The stock had a trading volume of 11,681 shares, compared to its average volume of 2,036,433. Twilio Inc has a 12-month low of $23.25 and a 12-month high of $87.91. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of -110.27 and a beta of 0.33. 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 (NYSE:TWLO) last announced its quarterly earnings data on Monday, August 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The firm had revenue of $147.80 million during the quarter, compared to analysts’ expectations of $130.39 million. During the same period last year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was up 54.1% compared to the same quarter last year. equities analysts anticipate that Twilio Inc will post -0.78 EPS for the current fiscal year.

Several equities research analysts have weighed in on TWLO shares. JPMorgan Chase & Co. raised their price target on Twilio to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Oppenheimer raised their price target on Twilio from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. JMP Securities raised their price target on Twilio from $76.00 to $86.00 and gave the stock an “outperform” rating in a report on Tuesday, September 4th. Zacks Investment Research raised Twilio from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. Finally, Mitsubishi UFJ Financial Group raised their price target on Twilio to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, August 14th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $72.36.

In other news, COO George Hu sold 6,886 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $60.10, for a total value of $413,848.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lee Kirkpatrick sold 12,000 shares of the firm’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $61.20, for a total value of $734,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,881 shares of company stock valued at $10,855,557. Company insiders own 19.80% of the company’s stock.

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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