Alliancebernstein L.P. Has $171.92 Million Position in Twilio Inc. (NYSE:TWLO)

Alliancebernstein L.P. lifted its stake in shares of Twilio Inc. (NYSE:TWLO) by 10.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 538,848 shares of the technology company’s stock after buying an additional 50,355 shares during the quarter. Alliancebernstein L.P.’s holdings in Twilio were worth $171,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Twilio by 1.4% during the 2nd quarter. Morgan Stanley now owns 10,978,417 shares of the technology company’s stock worth $4,327,253,000 after buying an additional 152,151 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Twilio by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,916,063 shares of the technology company’s stock worth $3,908,515,000 after buying an additional 266,826 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Twilio by 4.9% during the 3rd quarter. Baillie Gifford & Co. now owns 6,109,161 shares of the technology company’s stock worth $1,949,128,000 after buying an additional 284,171 shares during the last quarter. Sands Capital Management LLC lifted its stake in shares of Twilio by 20.3% during the 3rd quarter. Sands Capital Management LLC now owns 5,451,329 shares of the technology company’s stock worth $1,739,247,000 after buying an additional 920,349 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Twilio by 39.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,918,553 shares of the technology company’s stock worth $1,938,697,000 after purchasing an additional 1,384,055 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.

TWLO opened at $215.16 on Friday. Twilio Inc. has a fifty-two week low of $210.90 and a fifty-two week high of $457.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 9.57 and a quick ratio of 9.57. The firm has a market capitalization of $38.37 billion, a price-to-earnings ratio of -43.55 and a beta of 1.26. The company’s 50 day moving average price is $270.22 and its two-hundred day moving average price is $326.84.

Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, October 27th. The technology company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.15. Twilio had a negative net margin of 32.89% and a negative return on equity of 5.56%. The firm had revenue of $740.20 million for the quarter, compared to analyst estimates of $684.10 million. During the same period in the previous year, the firm posted ($0.58) EPS. The company’s revenue for the quarter was up 65.2% compared to the same quarter last year. As a group, equities research analysts predict that Twilio Inc. will post -2.9 EPS for the current year.

In other news, Director Richard L. Dalzell sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $308.50, for a total value of $462,750.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey R. Immelt purchased 3,400 shares of the company’s stock in a transaction dated Thursday, November 11th. The stock was purchased at an average price of $295.82 per share, for a total transaction of $1,005,788.00. The disclosure for this purchase can be found here. Insiders sold a total of 60,729 shares of company stock worth $16,995,787 in the last 90 days. Corporate insiders own 4.96% of the company’s stock.

TWLO has been the subject of several analyst reports. Mizuho dropped their price objective on shares of Twilio from $430.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, October 28th. Jefferies Financial Group dropped their price objective on shares of Twilio from $450.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, October 28th. Needham & Company LLC dropped their price objective on shares of Twilio from $460.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, October 28th. TheStreet cut shares of Twilio from a “c-” rating to a “d+” rating in a research note on Wednesday, December 29th. Finally, William Blair reissued a “buy” rating on shares of Twilio in a report on Thursday, October 28th. One investment analyst has rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Twilio presently has a consensus rating of “Buy” and a consensus price target of $438.00.

About Twilio

Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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