Dorsey & Whitney Trust CO LLC Buys 1,451 Shares of Twilio Inc. (NYSE:TWLO)

Dorsey & Whitney Trust CO LLC grew its holdings in shares of Twilio Inc. (NYSE:TWLOGet Rating) by 81.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,231 shares of the technology company’s stock after acquiring an additional 1,451 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Twilio were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TWLO. Trust Co. of Vermont purchased a new stake in shares of Twilio during the 2nd quarter valued at about $25,000. Evoke Wealth LLC raised its position in shares of Twilio by 255.1% during the 1st quarter. Evoke Wealth LLC now owns 174 shares of the technology company’s stock valued at $29,000 after buying an additional 125 shares in the last quarter. Covestor Ltd raised its position in shares of Twilio by 419.5% during the 1st 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. JJJ Advisors Inc. raised its position in shares of Twilio by 113.7% during the 1st quarter. JJJ Advisors Inc. now owns 218 shares of the technology company’s stock valued at $36,000 after buying an additional 116 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Twilio by 47.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 587 shares of the technology company’s stock valued at $49,000 after buying an additional 190 shares in the last quarter. 79.32% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Price Performance

Shares of TWLO opened at $48.36 on Thursday. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -6.66 and a beta of 1.47. Twilio Inc. has a twelve month low of $41.00 and a twelve month high of $297.99. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $66.04 and a two-hundred day moving average of $80.23.

Twilio (NYSE:TWLOGet Rating) last announced its earnings results on Thursday, November 3rd. The technology company reported ($1.33) earnings per share for the quarter, meeting the consensus estimate of ($1.33). The company had revenue of $983.03 million during the quarter, compared to the consensus estimate of $969.17 million. Twilio had a negative net margin of 36.17% and a negative return on equity of 8.20%. As a group, analysts predict that Twilio Inc. will post -3.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, insider Eyal Manor sold 397 shares of Twilio stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $76.34, for a total transaction of $30,306.98. Following the completion of the sale, the insider now directly owns 156,084 shares in the company, valued at $11,915,452.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Khozema Shipchandler sold 1,652 shares of Twilio stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $75.66, for a total transaction of $124,990.32. Following the completion of the sale, the chief operating officer now directly owns 79,852 shares in the company, valued at $6,041,602.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eyal Manor sold 397 shares of Twilio stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $76.34, for a total transaction of $30,306.98. Following the sale, the insider now owns 156,084 shares of the company’s stock, valued at $11,915,452.56. The disclosure for this sale can be found here. Insiders sold a total of 9,170 shares of company stock worth $579,649 over the last three months. Corporate insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TWLO. The Goldman Sachs Group decreased their target price on shares of Twilio from $132.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. Bank Of America (Bofa) lowered shares of Twilio to an “underperform” rating and set a $85.00 price objective on the stock. in a research report on Wednesday, November 2nd. Cowen lowered shares of Twilio from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $100.00 to $65.00 in a research report on Friday, November 4th. Atlantic Securities lowered shares of Twilio from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $240.00 to $100.00 in a research report on Friday, August 5th. Finally, Wells Fargo & Company lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $140.00 to $60.00 in a research report on Friday, November 4th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $104.04.

About Twilio

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

Further Reading

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLOGet Rating).

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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