209,230 Shares in Twilio Inc (TWLO) Acquired by Victory Capital Management Inc.
Victory Capital Management Inc. bought a new stake in Twilio Inc (NYSE:TWLO) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 209,230 shares of the technology company’s stock, valued at approximately $18,052,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC acquired a new stake in shares of Twilio in the second quarter valued at approximately $64,266,000. First Trust Advisors LP increased its holdings in shares of Twilio by 684.7% in the third quarter. First Trust Advisors LP now owns 828,895 shares of the technology company’s stock valued at $71,517,000 after purchasing an additional 723,257 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Twilio by 117.5% in the second quarter. Millennium Management LLC now owns 883,901 shares of the technology company’s stock valued at $49,516,000 after purchasing an additional 477,552 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Twilio by 122.9% in the second quarter. Wells Fargo & Company MN now owns 670,664 shares of the technology company’s stock valued at $37,571,000 after purchasing an additional 369,791 shares during the last quarter. Finally, Nomura Holdings Inc. increased its holdings in shares of Twilio by 2,308.0% in the second quarter. Nomura Holdings Inc. now owns 361,200 shares of the technology company’s stock valued at $20,234,000 after purchasing an additional 346,200 shares during the last quarter. Institutional investors and hedge funds own 57.33% of the company’s stock.
In other news, COO George Hu sold 5,000 shares of Twilio stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $85.14, for a total value of $425,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Karyn Smith sold 3,487 shares of Twilio stock in a transaction on Monday, August 20th. The shares were sold at an average price of $77.99, for a total value of $271,951.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,944 shares of company stock valued at $11,719,784. 19.80% of the stock is owned by insiders.
Twilio (NYSE:TWLO) last posted its earnings results on Tuesday, November 6th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.04. The company had revenue of $168.90 million during the quarter, compared to analysts’ expectations of $151.62 million. Twilio had a negative return on equity of 18.94% and a negative net margin of 16.70%. The firm’s quarterly revenue was up 68.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) earnings per share. As a group, equities research analysts anticipate that Twilio Inc will post -0.7 earnings per share for the current fiscal year.
TWLO has been the subject of several recent research reports. DA Davidson initiated coverage on Twilio in a report on Tuesday, October 2nd. They issued a “buy” rating and a $99.00 price target for the company. JPMorgan Chase & Co. increased their price target on Twilio to $75.00 and gave the company an “overweight” rating in a report on Tuesday, August 7th. JMP Securities increased their price target on Twilio from $76.00 to $86.00 and gave the company an “outperform” rating in a report on Tuesday, September 4th. Mitsubishi UFJ Financial Group increased their price target on Twilio to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 7th. Finally, Oppenheimer increased their price target on Twilio from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. One equities research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $81.22.
WARNING: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/11/16/209230-shares-in-twilio-inc-twlo-acquired-by-victory-capital-management-inc.html.
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.
Featured Story: Closed-End Mutual Funds (CEFs)
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:TWLO).
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.