Envestnet Asset Management Inc. Has $911,000 Stock Position in Twilio Inc (NYSE:TWLO)

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Envestnet Asset Management Inc. lifted its holdings in shares of Twilio Inc (NYSE:TWLO) by 40.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,287 shares of the technology company’s stock after buying an additional 2,407 shares during the period. Envestnet Asset Management Inc.’s holdings in Twilio were worth $911,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Twilio by 20.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,068,328 shares of the technology company’s stock valued at $1,372,817,000 after buying an additional 1,675,494 shares during the last quarter. Morgan Stanley raised its stake in Twilio by 26.6% during the 2nd quarter. Morgan Stanley now owns 8,268,134 shares of the technology company’s stock worth $1,127,360,000 after buying an additional 1,736,102 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Twilio by 123.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,191,487 shares of the technology company’s stock worth $707,859,000 after buying an additional 2,869,996 shares during the period. Jennison Associates LLC raised its stake in Twilio by 264.4% during the 2nd quarter. Jennison Associates LLC now owns 3,482,690 shares of the technology company’s stock worth $474,865,000 after buying an additional 2,526,830 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Twilio by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,327,120 shares of the technology company’s stock worth $317,303,000 after buying an additional 106,790 shares during the period. 74.81% of the stock is owned by institutional investors.

In other Twilio news, COO George Hu sold 7,670 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $123.88, for a total transaction of $950,159.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Karyn Smith sold 16,678 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $106.15, for a total value of $1,770,369.70. The disclosure for this sale can be found here. Insiders have sold 168,830 shares of company stock valued at $19,561,905 over the last ninety days. 10.85% of the stock is currently owned by company insiders.

Several analysts have recently commented on TWLO shares. DA Davidson lowered their price objective on Twilio to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Canaccord Genuity lowered their price objective on Twilio from $155.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Monness Crespi & Hardt downgraded Twilio from a “buy” rating to a “neutral” rating in a research note on Thursday, October 31st. Rosenblatt Securities lowered their price objective on Twilio from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Bank of America lowered their price objective on Twilio from $160.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $137.00.

Shares of TWLO opened at $93.23 on Friday. The company has a current ratio of 9.57, a quick ratio of 9.57 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of -116.54 and a beta of 1.14. The stock has a 50 day moving average of $106.77 and a 200 day moving average of $127.25. Twilio Inc has a 12 month low of $71.56 and a 12 month high of $151.00.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The company had revenue of $295.00 million during the quarter, compared to the consensus estimate of $287.96 million. Twilio had a negative return on equity of 6.02% and a negative net margin of 26.20%. Twilio’s revenue was up 74.6% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. As a group, equities research analysts predict that Twilio Inc will post -1.5 earnings per share for the current year.

Twilio Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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