Contrarius Investment Management Ltd Acquires Shares of 1,054,998 Twilio Inc. (NYSE:TWLO)

Contrarius Investment Management Ltd purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,054,998 shares of the technology company's stock, valued at approximately $80,043,000. Twilio makes up approximately 4.4% of Contrarius Investment Management Ltd's holdings, making the stock its 9th largest position. Contrarius Investment Management Ltd owned approximately 0.58% of Twilio as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TWLO. Principal Financial Group Inc. grew its position in Twilio by 203.6% during the 3rd quarter. Principal Financial Group Inc. now owns 207,871 shares of the technology company's stock worth $12,167,000 after purchasing an additional 139,395 shares in the last quarter. Private Advisor Group LLC grew its position in Twilio by 52.9% during the 3rd quarter. Private Advisor Group LLC now owns 8,277 shares of the technology company's stock worth $484,000 after purchasing an additional 2,862 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Twilio by 13.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 51,391 shares of the technology company's stock valued at $3,008,000 after acquiring an additional 6,126 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Twilio by 13.1% during the 3rd quarter. Signaturefd LLC now owns 4,071 shares of the technology company's stock valued at $238,000 after acquiring an additional 473 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Twilio by 647.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 53,742 shares of the technology company's stock valued at $3,146,000 after acquiring an additional 46,553 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Price Performance

TWLO traded up $0.12 during midday trading on Monday, reaching $59.05. 1,490,200 shares of the company's stock were exchanged, compared to its average volume of 3,131,917. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of -14.73, a price-to-earnings-growth ratio of 9.97 and a beta of 1.33. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The business has a 50-day simple moving average of $60.73 and a two-hundred day simple moving average of $65.15.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.15. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. As a group, research analysts predict that Twilio Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JMP Securities restated a "market outperform" rating and set a $110.00 price target on shares of Twilio in a report on Thursday, February 15th. TD Cowen decreased 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. Macquarie cut their target price on shares of Twilio from $69.00 to $63.00 and set a "neutral" rating for the company in a research report on Wednesday, May 8th. Robert W. Baird cut their target price on shares of Twilio from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, May 8th. Finally, HSBC lowered shares of Twilio from a "hold" rating to a "reduce" rating and cut their target price for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $69.95.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 10,961 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares of the company's stock, valued at $20,874,561.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Dana Wagner sold 796 shares of the firm's stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the completion of the sale, the insider now owns 164,374 shares of the company's stock, valued at $10,140,232.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares of the company's stock, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,692 shares of company stock valued at $1,714,597. Corporate insiders own 4.50% of the company's stock.

Twilio Company 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.