Twilio Inc. (NYSE:TWLO) Shares Bought by Kintegral Advisory LLC

Kintegral Advisory LLC lifted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 176.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,032 shares of the technology company's stock after purchasing an additional 10,880 shares during the quarter. Kintegral Advisory LLC's holdings in Twilio were worth $968,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Twilio during the fourth quarter valued at approximately $179,739,000. Kodai Capital Management LP purchased a new position in shares of Twilio in the 4th quarter worth about $82,558,000. Contrarius Investment Management Ltd purchased a new position in shares of Twilio during the 4th quarter valued at about $80,043,000. Goldentree Asset Management LP bought a new stake in Twilio in the 1st quarter worth approximately $31,745,000. Finally, Vanguard Group Inc. boosted its stake in Twilio by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company's stock worth $1,351,212,000 after buying an additional 241,738 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 820 shares of the firm's stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the sale, the insider now owns 159,317 shares in the company, valued at approximately $8,963,174.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Dana Wagner sold 820 shares of the business's stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total transaction of $46,133.20. Following the completion of the transaction, the insider now owns 159,317 shares in the company, valued at approximately $8,963,174.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,931 shares of the company's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the transaction, the chief financial officer now directly owns 184,570 shares in the company, valued at approximately $11,382,431.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,687 shares of company stock worth $4,082,924. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TWLO. Wells Fargo & Company boosted their price objective on shares of Twilio from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd. Canaccord Genuity Group reduced their price target on Twilio from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 target price on shares of Twilio in a research note on Monday, May 20th. Macquarie cut their price target on shares of Twilio from $69.00 to $63.00 and set a "neutral" rating on the stock in a report on Wednesday, May 8th. Finally, Robert W. Baird lowered their price objective on shares of Twilio from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $70.52.

Twilio Stock Up 2.3 %

Shares of TWLO stock traded up $1.42 during mid-day trading on Thursday, hitting $62.35. The company's stock had a trading volume of 1,721,273 shares, compared to its average volume of 2,812,463. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of -15.55, a PEG ratio of 4.15 and a beta of 1.35. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The business has a 50-day moving average price of $58.46 and a 200 day moving average price of $59.42.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.23) EPS. Research analysts predict that Twilio Inc. will post 0.45 EPS for the current fiscal year.

About Twilio

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.