International Assets Investment Management LLC Purchases 88,180 Shares of Twilio Inc. (NYSE:TWLO)

International Assets Investment Management LLC lifted its position in shares of Twilio Inc. (NYSE:TWLO) by 9,679.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,091 shares of the technology company’s stock after acquiring an additional 88,180 shares during the period. International Assets Investment Management LLC owned approximately 0.06% of Twilio worth $5,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares during the period. Kodai Capital Management LP grew its position in Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after purchasing an additional 761,356 shares during the period. Panagora Asset Management Inc. grew its position in Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after purchasing an additional 531,075 shares during the period. Goldentree Asset Management LP bought a new stake in Twilio in the 1st quarter worth approximately $31,745,000. Finally, Allspring Global Investments Holdings LLC grew its position in Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after purchasing an additional 398,872 shares during the period. Institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Sanford C. Bernstein lifted their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. TD Cowen lifted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. UBS Group lifted their price target on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Northland Securities lifted their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $77.64.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now directly owns 146,803 shares in the company, valued at $10,276,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now directly owns 146,803 shares in the company, valued at $10,276,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 in the last three months. Insiders own 4.50% of the company’s stock.

Twilio Stock Up 14.3 %

Shares of TWLO stock opened at $80.66 on Friday. The stock has a market cap of $13.81 billion, a P/E ratio of -20.11, a PEG ratio of 4.01 and a beta of 1.35. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $83.30. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $65.32 and its two-hundred day simple moving average is $60.94.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) EPS. Analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Twilio Profile

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.