Twilio Inc. (NYSE:TWLO) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of Twilio Inc. (NYSE:TWLOFree Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,623 shares of the technology company’s stock after acquiring an additional 4,552 shares during the quarter. TD Asset Management Inc’s holdings in Twilio were worth $3,158,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Twilio in the fourth quarter valued at $179,739,000. Contrarius Investment Management Ltd acquired a new stake in Twilio in the 4th quarter valued at approximately $80,043,000. Robertson Stephens Wealth Management LLC increased its position in Twilio by 102.2% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company’s stock valued at $807,000 after acquiring an additional 650,000 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Twilio by 73.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock valued at $70,965,000 after acquiring an additional 515,068 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Twilio by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock worth $1,028,245,000 after acquiring an additional 445,877 shares during the period. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several research analyst reports. Canaccord Genuity Group lowered their target price on shares of Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research report on Thursday, February 15th. Stifel Nicolaus dropped their price target on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. The Goldman Sachs Group raised their price objective on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 target price on shares of Twilio in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Twilio presently has an average rating of “Hold” and a consensus price target of $69.95.

View Our Latest Stock Report on TWLO

Insider Activity

In other Twilio news, insider Dana Wagner sold 796 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the transaction, the insider now directly owns 164,374 shares of the company’s stock, valued at $10,140,232.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the transaction, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 796 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $49,105.24. Following the transaction, the insider now directly owns 164,374 shares of the company’s stock, valued at $10,140,232.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,692 shares of company stock worth $1,714,597. 4.50% of the stock is owned by corporate insiders.

Twilio Trading Up 0.6 %

Shares of NYSE:TWLO opened at $57.37 on Friday. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The firm has a fifty day moving average of $60.09 and a two-hundred day moving average of $64.90.

Twilio (NYSE:TWLOGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. Equities analysts predict that Twilio Inc. will post 0.18 earnings per share for the current year.

Twilio Profile

(Free Report)

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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