SRS Investment Management LLC, a prominent institutional investor in the US, recently disclosed in its 13F filing with the Securities & Exchange Commission that it has increased its holdings in Twilio Inc. (NYSE:TWLO). The company raised its stake by 22.9% during the fourth quarter of 2020, owning a total of 605,993 shares after purchasing an additional 113,045 shares during the period.
As per SRS Investment Management LLC’s latest SEC filing, their stake in Twilio now comprises about 0.5% of their holdings and is the tenth largest position among their portfolio. The investment firm indicated that they owned close to $29.7 million worth of Twilio stock at the end of its most recent filing.
Twilio’s last quarterly earnings report reflected positive results for the technology company as it managed to beat analysts’ projections by $0.21 per share with (-$0.37) EPS compared to a projected (-$0.58) EPS on Tuesday, May 9th. However, it registered negative net margins amounting to -34.79%, along with a negative return on equity standing at -6.91%. On another note, it declared revenue for Q1 FY2021 amounting to $1.01 billion as opposed to an anticipated $999.82 million.
Twilio provides communications software and related services through cloud-based platforms like Twilio flex and messaging programmable voice or video solution services, elastic SIP trunking solutions for various industries wanting next-generation communication systems like IoT driven communication platforms for customer support across channels or peer-to-peer messaging systems between devices.
Overall, SRS Investment Management LLC continues to have confidence in holding shares in this California-headquartered firm whose future ventures continue to raise optimism amongst industry experts and analysts alike – something that can’t be overlooked when considering adding similar stocks to one’s portfolio today or in years yet ahead.
Updated on: 21/09/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
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Robert W. Baird
Hedge Funds Make Changes to Twilio Position as Shares Trade Down
Twilio, a San Francisco-based communications software company, has witnessed several hedge funds making changes to their positions in the firm lately. These include Belpointe Asset Management LLC’s new stake in the company worth around $63,000 and Ausdal Financial Partners Inc.’s 61.9% increase in position in Twilio. Bank of New York Mellon Corp also increased its position by 34.3%, while Assenagon Asset Management S.A.’s position saw a lift of 42.9%. In addition, Schroder Investment Management Group increased its position by 3.9%. An overwhelming majority of 78.68% of Twilio stocks are owned by institutional investors.
Shares of TWLO were traded down on Wednesday at $65.35 with a market cap of $12.02 billion, a price-to-earnings ratio of -9.09 and a beta of 1.44 as around 2,659,806 shares of the company were traded against an average volume of over 4,807,251 shares.
Founded in March 2008 by John Wolthuis, Jeffery G Lawson and Evan Cooke in in San Francisco, CA., Twilio develops communications software alongside cloud-based platform products which include messaging, programmable voice/video and IoT applications such as elastic SIP trunking,
In other news relating to the company’s leadership team; insiders Dana Wagner and Aidan Viggiano recently sold a combined total of almost 10k shares with CFO Aidan Viggiano selling off six thousand two hundred and twenty-six shares alone.
Twilo has had mixed analyst reviews as Barclays lowered their price objective from $75 to $50 and Sanford C Bernstein decreased their target price from $77 to $58 in research notes last year; however Canaccord Genuity Group boosted their target price on Twilo from $88 to $97 rating it “buy” whilst Jefferies Financial Group boosted theirs from $50 to $60. Overall, based on data from Bloomberg, there is an average rating of “Hold” with a consensus price target of $79.11 for Twilio.