BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 12,761 Shares of Twilio Inc. (NYSE:TWLO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Twilio Inc. (NYSE:TWLO) by 62.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,144 shares of the technology company’s stock after purchasing an additional 12,761 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Twilio were worth $1,883,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TWLO. Vanguard Group Inc. raised its position in shares of Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after acquiring an additional 140,791 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Twilio in the 4th quarter valued at $478,000. V Square Quantitative Management LLC increased its position in shares of Twilio by 68.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock worth $148,000 after buying an additional 792 shares during the period. Ables Iannone Moore & Associates Inc. bought a new position in Twilio during the fourth quarter worth $1,689,000. Finally, Bares Capital Management Inc. lifted its holdings in Twilio by 28.6% in the fourth quarter. Bares Capital Management Inc. now owns 428,730 shares of the technology company’s stock valued at $32,528,000 after buying an additional 95,258 shares during the period. 84.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TWLO. Sanford C. Bernstein increased their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (up from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Tigress Financial raised their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Barclays dropped their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.52.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the sale, the chief financial officer now owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Aidan Viggiano sold 1,931 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 591 shares of Twilio stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The disclosure for this sale can be found here. Insiders have sold 47,030 shares of company stock worth $2,677,475 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Twilio Stock Up 1.0 %

Twilio stock opened at $64.66 on Friday. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The firm’s 50-day simple moving average is $60.41 and its 200 day simple moving average is $59.52. The stock has a market cap of $11.07 billion, a PE ratio of -16.12, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. Twilio’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) earnings per share. Research analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

About Twilio

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.