Highland Capital Management LLC Takes Position in Twilio Inc. (NYSE:TWLO)

Highland Capital Management LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,061 shares of the technology company’s stock, valued at approximately $1,294,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Twilio by 18.7% during the first quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock valued at $114,000 after acquiring an additional 109 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in Twilio by 8.3% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock worth $285,000 after purchasing an additional 133 shares during the period. Covestor Ltd lifted its holdings in Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after purchasing an additional 172 shares during the period. Blue Zone Wealth Advisors LLC lifted its holdings in Twilio by 4.0% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after purchasing an additional 181 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in Twilio by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock worth $4,229,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Trading Up 0.5 %

NYSE:TWLO opened at $61.00 on Thursday. The stock’s 50 day moving average price is $64.83 and its 200 day moving average price is $63.97. Twilio Inc. has a 52 week low of $45.02 and a 52 week high of $78.16. The company has a market capitalization of $11.04 billion, a P/E ratio of -11.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64.

Twilio (NYSE:TWLO) last announced its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. On average, research analysts forecast that Twilio Inc. will post -0.22 EPS for the current fiscal year.

Insider Activity

In other news, insider Khozema Shipchandler sold 10,520 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $72.18, for a total value of $759,333.60. Following the completion of the sale, the insider now directly owns 207,599 shares of the company’s stock, valued at $14,984,495.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Dana Wagner sold 458 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the transaction, the insider now directly owns 171,744 shares in the company, valued at $9,567,858.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Khozema Shipchandler sold 10,520 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $72.18, for a total value of $759,333.60. Following the completion of the transaction, the insider now owns 207,599 shares of the company’s stock, valued at $14,984,495.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,898 shares of company stock valued at $1,796,874. 4.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TWLO has been the subject of several research analyst reports. TD Cowen reduced their price objective on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, March 6th. Wells Fargo & Company cut their price target on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, March 6th. The Goldman Sachs Group upped their price target on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.90.

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.