Syon Capital LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Syon Capital LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,900 shares of the technology company’s stock, valued at approximately $372,000.

Several other large investors have also made changes to their positions in TWLO. Truvestments Capital LLC increased its position in Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after buying an additional 247 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after buying an additional 564 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Twilio during the 4th quarter worth about $46,000. Fifth Third Bancorp acquired a new position in shares of Twilio during the 4th quarter valued at about $49,000. Finally, EMC Capital Management bought a new position in shares of Twilio in the 3rd quarter valued at approximately $87,000. Institutional investors own 84.27% of the company’s stock.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now owns 335,982 shares in the company, valued at approximately $20,874,561.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction dated 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 in the company, valued at approximately $20,874,561.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 458 shares of Twilio stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the transaction, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,958 shares of company stock worth $1,910,447. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TWLO shares. Stifel Nicolaus decreased their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Oppenheimer reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. Jefferies Financial Group dropped their target price on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. HSBC cut shares of Twilio from a “hold” rating to a “reduce” rating and decreased their price target for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Finally, Northland Securities lowered Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $68.90.

Twilio Stock Up 1.5 %

TWLO opened at $60.89 on Friday. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16. The company has a market capitalization of $11.02 billion, a P/E ratio of -10.99 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The firm’s fifty day moving average price is $60.11 and its two-hundred day moving average price is $64.05.

Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. On average, analysts anticipate that Twilio Inc. will post -0.11 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.