Mediolanum International Funds Ltd Buys New Holdings in Twilio Inc. (NYSE:TWLO)

Mediolanum International Funds Ltd acquired a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,824 shares of the technology company's stock, valued at approximately $2,183,000.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company's stock worth $1,097,665,000 after acquiring an additional 140,791 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Twilio by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company's stock worth $128,396,000 after purchasing an additional 224,040 shares in the last quarter. Kodai Capital Management LP increased its holdings in shares of Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company's stock worth $113,098,000 after purchasing an additional 761,356 shares during the period. Point72 Asset Management L.P. raised its position in shares of Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company's stock valued at $75,813,000 after buying an additional 311,481 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company's stock valued at $63,915,000 after buying an additional 1,006,391 shares during the period. Institutional investors own 84.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler restated an "overweight" rating and set a $83.00 price objective (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Barclays dropped their price target on Twilio from $70.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, August 5th. Oppenheimer increased their price objective on shares of Twilio from $65.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Finally, Tigress Financial increased their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $71.48.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 1,989 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the sale, the insider now directly owns 157,328 shares in the company, valued at $9,548,236.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company's stock, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 1,989 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the sale, the insider now directly owns 157,328 shares of the company's stock, valued at approximately $9,548,236.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,906 shares of company stock worth $3,388,596. Company insiders own 4.50% of the company's stock.

Twilio Trading Down 1.1 %

NYSE TWLO traded down $0.77 on Friday, reaching $70.47. The company had a trading volume of 2,136,203 shares, compared to its average volume of 2,611,152. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of -17.57, a P/E/G ratio of 4.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The business has a 50 day moving average of $64.27 and a two-hundred day moving average of $60.60.

Twilio (NYSE:TWLO - Get Free Report) last issued 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 company 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 business's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. Analysts forecast that Twilio Inc. will post 0.54 EPS for the current 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.