Lee Financial Co Acquires 850 Shares of Twilio Inc (TWLO)

Lee Financial Co lifted its holdings in shares of Twilio Inc (NYSE:TWLO) by 1,700.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 900 shares of the technology company’s stock after purchasing an additional 850 shares during the period. Lee Financial Co’s holdings in Twilio were worth $116,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TWLO. Dimensional Fund Advisors LP increased its position in Twilio by 25.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 106,956 shares of the technology company’s stock valued at $9,227,000 after acquiring an additional 21,688 shares during the period. AQR Capital Management LLC grew its holdings in shares of Twilio by 11.4% in the 3rd quarter. AQR Capital Management LLC now owns 52,385 shares of the technology company’s stock worth $4,520,000 after acquiring an additional 5,361 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Twilio by 10.0% in the 3rd quarter. Legal & General Group Plc now owns 34,444 shares of the technology company’s stock worth $2,972,000 after acquiring an additional 3,143 shares during the last quarter. Morgan Stanley grew its holdings in shares of Twilio by 5.9% in the 3rd quarter. Morgan Stanley now owns 1,003,859 shares of the technology company’s stock worth $86,613,000 after acquiring an additional 56,255 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Twilio by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,480,321 shares of the technology company’s stock worth $559,122,000 after acquiring an additional 613,596 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

NYSE TWLO traded up $0.94 during trading on Friday, reaching $133.90. 3,147,949 shares of the company traded hands, compared to its average volume of 4,296,811. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of -167.38 and a beta of 1.31. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18. Twilio Inc has a 1-year low of $51.82 and a 1-year high of $144.62.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.40). The business had revenue of $233.00 million during the quarter, compared to analyst estimates of $223.45 million. Twilio had a negative return on equity of 9.50% and a negative net margin of 17.87%. The firm’s revenue was up 80.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) earnings per share. On average, analysts predict that Twilio Inc will post -1.4 earnings per share for the current year.

In other Twilio news, CEO Jeff Lawson sold 20,830 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $129.87, for a total transaction of $2,705,192.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Karyn Smith sold 24,487 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $129.72, for a total transaction of $3,176,453.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,107 shares of company stock worth $20,315,428. Company insiders own 10.85% of the company’s stock.

TWLO has been the subject of several recent analyst reports. KeyCorp raised their target price on Twilio from $114.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 13th. Bank of America reaffirmed a “buy” rating and issued a $130.00 target price (up previously from $125.00) on shares of Twilio in a research report on Wednesday, February 13th. Piper Jaffray Companies lifted their price objective on Twilio from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut Twilio from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, reiterated an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of Twilio in a research note on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $138.36.

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Twilio Company 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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