Malaga Cove Capital LLC Takes $213,000 Position in Twilio Inc. (NYSE:TWLO)

Malaga Cove Capital LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO – Get Rating) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 809 shares of the technology company’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ARK Investment Management LLC grew its holdings in shares of Twilio by 25.0% during the fourth quarter. ARK Investment Management LLC now owns 4,059,214 shares of the technology company’s stock worth $1,068,953,000 after purchasing an additional 810,637 shares in the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of Twilio by 30.0% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,984,512 shares of the technology company’s stock worth $792,537,000 after purchasing an additional 689,360 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Twilio by 22.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,434,055 shares of the technology company’s stock worth $904,324,000 after purchasing an additional 621,427 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Twilio during the fourth quarter worth about $118,167,000. Finally, TD Asset Management Inc. grew its holdings in shares of Twilio by 163.4% during the fourth quarter. TD Asset Management Inc. now owns 626,554 shares of the technology company’s stock worth $164,997,000 after purchasing an additional 388,708 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

In other Twilio news, insider Eyal Manor sold 3,088 shares of the stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $199.01, for a total value of $614,542.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Khozema Shipchandler sold 1,614 shares of the stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $174.71, for a total value of $281,981.94. Following the completion of the sale, the chief operating officer now directly owns 100,149 shares in the company, valued at $17,497,031.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,798 shares of company stock valued at $2,905,199. 4.96% of the stock is owned by corporate insiders.

Several analysts have issued reports on the company. Cowen cut their target price on Twilio from $300.00 to $250.00 in a research note on Thursday, May 5th. Royal Bank of Canada cut their target price on Twilio from $400.00 to $200.00 in a research note on Tuesday, May 3rd. Needham & Company LLC cut their target price on Twilio from $350.00 to $200.00 in a research note on Thursday, May 5th. JMP Securities cut their target price on Twilio from $510.00 to $250.00 in a research note on Thursday, May 5th. Finally, Canaccord Genuity Group cut their target price on Twilio from $455.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, May 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $302.27.

Shares of Twilio stock traded up $6.60 during midday trading on Thursday, reaching $99.22. 6,292,275 shares of the company’s stock traded hands, compared to its average volume of 3,915,996. The stock has a 50 day moving average of $139.36 and a 200-day moving average of $207.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.43 and a current ratio of 8.43. The company has a market cap of $18.01 billion, a PE ratio of -17.96 and a beta of 1.54. Twilio Inc. has a 12 month low of $87.67 and a 12 month high of $412.68.

Twilio (NYSE:TWLO – Get Rating) last posted its quarterly earnings data on Wednesday, February 9th. The technology company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.94) by ($0.31). The firm had revenue of $842.74 million during the quarter, compared to the consensus estimate of $768.89 million. Twilio had a negative return on equity of 6.11% and a negative net margin of 30.86%. During the same quarter last year, the company posted ($0.80) EPS. On average, equities analysts anticipate that Twilio Inc. will post -3.75 earnings per share for the current fiscal year.

About Twilio (Get Rating)

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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