Lynx Investment Advisory Takes $45,000 Position in Twilio Inc. (NYSE:TWLO)

Lynx Investment Advisory purchased a new position in shares of Twilio Inc. (NYSE:TWLO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 800 shares of the technology company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also bought and sold shares of TWLO. Vanguard Group Inc. raised its position in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Norges Bank bought a new stake in Twilio in the fourth quarter valued at $179,739,000. Kodai Capital Management LP raised its holdings in Twilio by 70.0% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in Twilio by 18.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock worth $105,131,000 after purchasing an additional 217,796 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Twilio by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock valued at $95,261,000 after purchasing an additional 43,124 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

TWLO traded up $1.41 during trading on Wednesday, hitting $60.27. 887,694 shares of the company traded hands, compared to its average volume of 2,896,862. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The company has a market cap of $10.32 billion, a PE ratio of -15.16, a P/E/G ratio of 8.78 and a beta of 1.35. The stock’s 50-day simple moving average is $57.09 and its two-hundred day simple moving average is $60.59. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.21% and a negative net margin of 14.02%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) earnings per share. As a group, sell-side analysts anticipate that Twilio Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. Wells Fargo & Company increased their target price on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Oppenheimer reiterated an “outperform” rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Twilio currently has a consensus rating of “Hold” and a consensus price target of $70.05.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 796 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $49,105.24. Following the completion of the transaction, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Twilio news, CFO Aidan Viggiano sold 6,586 shares of the firm’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 $370,528.36. Following the transaction, the chief financial officer now directly owns 188,462 shares in the company, valued at approximately $10,602,872.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 796 shares of the company’s stock in a transaction on Monday, May 20th. The stock was 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 disclosure for this sale can be found here. Insiders sold 66,967 shares of company stock valued at $3,796,221 over the last three months. 4.50% of the stock is owned by company insiders.

Twilio 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.