Toronto Dominion Bank lessened its position in shares of Twilio Inc. (NYSE:TWLO – Get Rating) by 69.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,506 shares of the technology company’s stock after selling 103,113 shares during the period. Toronto Dominion Bank’s holdings in Twilio were worth $3,730,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC purchased a new stake in Twilio during the first quarter valued at about $241,000. abrdn plc lifted its stake in shares of Twilio by 24.5% during the 1st quarter. abrdn plc now owns 28,251 shares of the technology company’s stock valued at $4,720,000 after buying an additional 5,559 shares in the last quarter. Shell Asset Management Co. boosted its holdings in Twilio by 5.9% in the 1st quarter. Shell Asset Management Co. now owns 7,639 shares of the technology company’s stock worth $1,259,000 after buying an additional 428 shares during the period. Ausdal Financial Partners Inc. grew its stake in Twilio by 11.4% in the 1st quarter. Ausdal Financial Partners Inc. now owns 1,706 shares of the technology company’s stock valued at $281,000 after buying an additional 175 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Twilio by 20.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 239,390 shares of the technology company’s stock valued at $39,454,000 after buying an additional 40,793 shares in the last quarter. Institutional investors own 79.32% of the company’s stock.
Insider Buying and Selling at Twilio
In other news, COO Khozema Shipchandler sold 1,566 shares of Twilio stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $72.02, for a total value of $112,783.32. Following the transaction, the chief operating officer now owns 81,504 shares in the company, valued at $5,869,918.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Twilio news, insider Eyal Manor sold 397 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $76.34, for a total value of $30,306.98. Following the completion of the sale, the insider now owns 156,084 shares in the company, valued at $11,915,452.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Khozema Shipchandler sold 1,566 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $72.02, for a total transaction of $112,783.32. Following the completion of the transaction, the chief operating officer now owns 81,504 shares in the company, valued at approximately $5,869,918.08. 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. Company insiders own 4.96% of the company’s stock.
Twilio Stock Up 4.9 %
Twilio (NYSE:TWLO – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The technology company reported ($1.33) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($1.33). Twilio had a negative net margin of 36.17% and a negative return on equity of 8.20%. The company had revenue of $983.03 million during the quarter, compared to analysts’ expectations of $969.17 million. On average, analysts forecast that Twilio Inc. will post -3.95 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Cowen lowered Twilio from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $100.00 to $65.00 in a report on Friday, November 4th. The Goldman Sachs Group cut their target price on Twilio from $132.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, November 7th. Bank Of America (Bofa) cut Twilio to an “underperform” rating and set a $85.00 price target on the stock. in a research report on Wednesday, November 2nd. Canaccord Genuity Group cut their price objective on shares of Twilio from $245.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Finally, Morgan Stanley reduced their price objective on shares of Twilio from $100.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, November 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Twilio presently has an average rating of “Hold” and a consensus target price of $104.04.
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.
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