Affinity Investment Advisors LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Affinity Investment Advisors LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,651 shares of the technology company's stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TWLO. AQR Capital Management LLC increased its holdings in Twilio by 736.9% in the 2nd 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. Kodai Capital Management LP boosted its stake in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company's stock valued at $113,098,000 after purchasing an additional 761,356 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company's stock valued at $40,707,000 after purchasing an additional 531,075 shares in the last quarter. Goldentree Asset Management LP acquired a new stake in shares of Twilio in the 1st quarter valued at $31,745,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company's stock valued at $26,066,000 after purchasing an additional 398,872 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Stock Up 5.2 %

Shares of TWLO traded up $4.19 during mid-day trading on Friday, hitting $84.84. 6,734,191 shares of the company's stock were exchanged, compared to its average volume of 2,036,454. The company has a market cap of $13.63 billion, a PE ratio of -33.01, a P/E/G ratio of 4.59 and a beta of 1.32. Twilio Inc. has a 52 week low of $51.90 and a 52 week high of $85.59. The company has a 50-day simple moving average of $65.80 and a 200 day simple moving average of $61.13. 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 (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, topping 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 net margin of 10.65% and a positive return on equity of 0.83%. The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned ($0.23) EPS. On average, research analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on TWLO. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Wells Fargo & Company upped their price target on shares of Twilio from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday. JMP Securities reiterated a "market outperform" rating and set a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Tigress Financial upped 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. Finally, TD Cowen upped their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $79.55.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,073 shares of the 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 completion of the sale, the chief executive officer now owns 278,134 shares of the company's stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now owns 186,501 shares of the company's stock, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares of the company's stock, valued at $18,087,054.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,906 shares of company stock valued at $3,388,596. 4.50% of the stock is owned by insiders.

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.