Andar Capital Management HK Ltd Takes $2.43 Million Position in Twilio Inc. (NYSE:TWLO)

Andar Capital Management HK Ltd acquired a new stake in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 32,000 shares of the technology company’s stock, valued at approximately $2,428,000. Twilio comprises about 3.4% of Andar Capital Management HK Ltd’s holdings, making the stock its 13th biggest holding.

Several other large investors also recently made changes to their positions in TWLO. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Twilio by 102.2% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company’s stock valued at $807,000 after buying an additional 650,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Twilio by 73.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock valued at $70,965,000 after purchasing an additional 515,068 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Twilio by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock valued at $1,028,245,000 after purchasing an additional 445,877 shares during the last quarter. Glenmede Trust Co. NA acquired a new stake in Twilio during the 3rd quarter valued at $20,797,000. Finally, International Assets Investment Management LLC lifted its holdings in Twilio by 6,662.4% during the 4th quarter. International Assets Investment Management LLC now owns 250,750 shares of the technology company’s stock valued at $19,024,000 after purchasing an additional 247,042 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TWLO. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 target price on shares of Twilio in a report on Wednesday, March 6th. Oppenheimer reissued an “outperform” rating and set a $75.00 target price on shares of Twilio in a report on Wednesday, April 17th. Jefferies Financial Group dropped their target price on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Northland Securities downgraded Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Thursday, February 15th. Finally, Wells Fargo & Company decreased their price target on Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $68.90.

Insider Activity

In other news, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the transaction, the insider now owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Aidan Viggiano sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $66,852.00. Following the sale, the chief financial officer now directly owns 241,044 shares in the company, valued at $13,428,561.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the sale, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock valued at $1,910,447 over the last quarter. 4.20% of the stock is owned by company insiders.

Twilio Trading Up 2.8 %

Shares of Twilio stock traded up $1.68 on Wednesday, hitting $61.56. The stock had a trading volume of 1,224,156 shares, compared to its average volume of 3,169,526. The stock has a 50 day moving average of $60.22 and a 200 day moving average of $64.16. Twilio Inc. has a twelve month low of $45.02 and a twelve month high of $78.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The firm has a market capitalization of $11.14 billion, a P/E ratio of -10.79 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sell-side analysts expect that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

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.