Twilio Inc. (NYSE:TWLO) Holdings Boosted by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its position in shares of Twilio Inc. (NYSE:TWLO) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 538,848 shares of the technology company’s stock after purchasing an additional 50,355 shares during the period. Alliancebernstein L.P. owned 0.30% of Twilio worth $171,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TWLO. Coatue Management LLC grew its holdings in shares of Twilio by 345.6% during the 2nd quarter. Coatue Management LLC now owns 1,811,133 shares of the technology company’s stock valued at $713,876,000 after acquiring an additional 1,404,668 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Twilio by 39.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,918,553 shares of the technology company’s stock valued at $1,938,697,000 after purchasing an additional 1,384,055 shares during the last quarter. Matrix Capital Management Company LP lifted its stake in shares of Twilio by 249.1% in the 2nd quarter. Matrix Capital Management Company LP now owns 1,745,536 shares of the technology company’s stock valued at $688,020,000 after purchasing an additional 1,245,536 shares during the last quarter. Sands Capital Management LLC lifted its stake in shares of Twilio by 20.3% in the 3rd quarter. Sands Capital Management LLC now owns 5,451,329 shares of the technology company’s stock valued at $1,739,247,000 after purchasing an additional 920,349 shares during the last quarter. Finally, Amundi acquired a new stake in shares of Twilio in the 2nd quarter valued at $226,110,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

In related news, Director Richard L. Dalzell sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 15th. The shares were sold at an average price of $255.88, for a total value of $255,880.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $308.50, for a total transaction of $462,750.00. The disclosure for this sale can be found here. Insiders have sold 60,729 shares of company stock worth $16,995,787 over the last quarter. 4.96% of the stock is owned by company insiders.

A number of research analysts have weighed in on TWLO shares. Mizuho cut their target price on shares of Twilio from $430.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, October 28th. Jefferies Financial Group cut their target price on shares of Twilio from $450.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, October 28th. Needham & Company LLC cut their target price on shares of Twilio from $460.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, October 28th. KeyCorp cut their target price on shares of Twilio from $392.00 to $283.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Barclays upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and set a $375.00 price objective on the stock in a report on Thursday, December 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $438.00.

Shares of TWLO stock opened at $215.16 on Friday. Twilio Inc. has a 1 year low of $210.90 and a 1 year high of $457.30. The firm’s 50 day moving average is $270.22 and its 200-day moving average is $326.84. The firm has a market capitalization of $38.37 billion, a price-to-earnings ratio of -43.55 and a beta of 1.26. The company has a current ratio of 9.57, a quick ratio of 9.57 and a debt-to-equity ratio of 0.09.

Twilio (NYSE:TWLO) last announced its earnings results on Wednesday, October 27th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.15. Twilio had a negative net margin of 32.89% and a negative return on equity of 5.56%. The company had revenue of $740.20 million for the quarter, compared to analyst estimates of $684.10 million. During the same period in the prior year, the business earned ($0.58) earnings per share. Twilio’s quarterly revenue was up 65.2% on a year-over-year basis. On average, equities research analysts forecast that Twilio Inc. will post -2.9 earnings per share for the current fiscal year.

Twilio Profile

Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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