Bank of New York Mellon Corp Has $122.28 Million Stake in Twilio Inc. (TWLO)
Bank of New York Mellon Corp grew its position in Twilio Inc. (NYSE:TWLO) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,096,296 shares of the technology company’s stock after buying an additional 241,509 shares during the period. Bank of New York Mellon Corp owned 4.46% of Twilio worth $122,275,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. grew its stake in shares of Twilio by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock valued at $138,000 after buying an additional 34 shares during the period. Pacer Advisors Inc. grew its stake in shares of Twilio by 12.1% in the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock valued at $149,000 after buying an additional 555 shares during the period. IFP Advisors Inc grew its stake in shares of Twilio by 10.0% in the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock valued at $151,000 after buying an additional 469 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Twilio during the 2nd quarter worth approximately $159,000. Finally, US Bancorp DE boosted its position in shares of Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after purchasing an additional 3,878 shares during the period. 59.51% of the stock is owned by institutional investors and hedge funds.
TWLO has been the subject of a number of research analyst reports. Mitsubishi UFJ Financial Group raised shares of Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $35.00 in a research report on Tuesday, August 8th. Drexel Hamilton reaffirmed a “buy” rating and set a $47.00 price objective (up previously from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. Canaccord Genuity increased their price objective on shares of Twilio from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $38.00 price objective on shares of Twilio in a research report on Monday, September 18th. Finally, Northland Securities reaffirmed a “buy” rating and set a $36.00 price objective on shares of Twilio in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $36.78.
Twilio Inc. (NYSE:TWLO) opened at $26.13 on Thursday. Twilio Inc. has a 1 year low of $22.80 and a 1 year high of $37.85.
Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. The company had revenue of $100.54 million during the quarter, compared to analysts’ expectations of $92.50 million. During the same quarter last year, the company posted ($0.04) EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. equities research analysts forecast that Twilio Inc. will post -0.75 earnings per share for the current fiscal year.
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In other news, CFO Lee Kirkpatrick sold 13,829 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $30.85, for a total value of $426,624.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 5,213 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $25.83, for a total transaction of $134,651.79. The disclosure for this sale can be found here. Insiders sold a total of 47,347 shares of company stock valued at $1,416,011 in the last three months.
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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