Ray Gerald L & Associates Ltd. Acquires Shares of 25,100 Twilio Inc. (TWLO)
Ray Gerald L & Associates Ltd. acquired a new position in shares of Twilio Inc. (NYSE:TWLO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,100 shares of the technology company’s stock, valued at approximately $731,000.
Several other large investors have also recently made changes to their positions in TWLO. Bank of New York Mellon Corp raised its stake in shares of Twilio by 26.8% in the second quarter. Bank of New York Mellon Corp now owns 3,854,787 shares of the technology company’s stock valued at $112,213,000 after buying an additional 815,890 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Twilio by 487.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,066,806 shares of the technology company’s stock valued at $31,054,000 after buying an additional 885,206 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in shares of Twilio during the second quarter valued at approximately $16,213,000. Pacific Heights Asset Management LLC bought a new stake in shares of Twilio during the second quarter valued at approximately $7,860,000. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of Twilio by 54.8% in the second quarter. Kornitzer Capital Management Inc. KS now owns 252,615 shares of the technology company’s stock valued at $7,354,000 after buying an additional 89,390 shares in the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.
Twilio Inc. (NYSE:TWLO) opened at 28.99 on Wednesday. The firm’s market cap is $2.66 billion. The company’s 50-day moving average is $30.15 and its 200 day moving average is $29.15. Twilio Inc. has a 12 month low of $22.80 and a 12 month high of $70.96.
Twilio (NYSE:TWLO) last announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.20). Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The company had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $86.28 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue was up 48.7% compared to the same quarter last year. On average, equities research analysts predict that Twilio Inc. will post ($0.23) earnings per share for the current year.
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A number of research analysts have commented on the stock. Vetr upgraded shares of Twilio from a “buy” rating to a “strong-buy” rating and set a $34.50 price objective on the stock in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of Twilio from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $38.00 price objective (down from $50.00) on shares of Twilio in a research note on Thursday, May 4th. Northland Securities restated an “outperform” rating and issued a $30.00 price objective on shares of Twilio in a research note on Sunday, May 28th. Finally, JMP Securities restated an “outperform” rating and issued a $35.00 price objective (up from $33.00) on shares of Twilio in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $37.15.
In related news, Director Richard L. Dalzell sold 2,500 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $30.01, for a total value of $75,025.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Karyn Smith sold 5,213 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $28.13, for a total value of $146,641.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,370 shares of company stock worth $1,710,284.
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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