Bank Julius Baer & Co. Ltd Zurich has significantly increased its position in shares of Twilio Inc. during the second quarter of this year, according to a recent filing with the Securities and Exchange Commission (SEC). The bank now owns 736,195 shares of the technology company’s stock, reflecting a staggering increase of 98,059.3%. This represents approximately 0.40% of Twilio’s total worth, which is valued at $46,837,000 as per the most recent SEC filing.
Twilio (NYSE:TWLO), a leading technology company, recently released its quarterly earnings results on August 8th. Despite initial estimates predicting an earnings per share (EPS) of ($0.47), Twilio reported a better-than-expected EPS of ($0.23), surpassing expectations by $0.24. The company generated $1.04 billion in revenue during the quarter, outperforming analyst predictions of $984.52 million. However, it is important to note that Twilio’s net margin and return on equity remained negative at 30.11% and 4.85%, respectively.
Sell-side analysts who closely analyze these financial performances anticipate that Twilio Inc.’s earnings per share for the current fiscal year will be -0.92.
In related news, Chief Financial Officer Aidan Viggiano sold 1,259 shares of Twilio’s stock on August 18th at an average price of $57.50 per share for a total transaction amounting to $72,392.50. Following this sale, Viggiano now holds direct ownership of 191,193 shares valued at approximately $10,993,597.50.
Additionally, insider Elena A. Donio also sold 3,807 shares on August 18th at an average price of $57.50 per share for a total transaction value of $218,9020.50. Donio’s shares in the company now amount to 424,114, worth approximately $24,386,555.
These sales were disclosed in legal filings with the SEC and can be accessed through their website. Notably, insiders have sold a total of 32,759 Twilio shares valued at $1,968,388 within the last ninety days. Insiders currently own 4.20% of the company’s stock.
As investors monitor Bank Julius Baer & Co. Ltd Zurich’s growing position in Twilio Inc., it will be interesting to observe how these ownership changes impact the company’s future performance and financial outlook.
Reference:
https://sec.report/TWLO/19-Oct2023
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Twilio Inc. Attracts Attention from Hedge Funds and Institutional Investors with Potential for Growth and Profitability
October 5, 2023 – Twilio Inc., a leading technology company, has attracted the attention of various hedge funds and institutional investors. Covestor Ltd, for instance, increased its stake in the company by a staggering 419.5% in the first quarter, acquiring an additional 172 shares valued at $35,000. Ameritas Advisory Services LLC also entered the game by purchasing a new stake worth approximately $32,000 during the same period.
Another notable investor is Tradition Wealth Management LLC, which raised its position in Twilio by 58.9% in the first quarter with an additional 221 shares worth $40,000. Geneos Wealth Management Inc. followed suit, increasing its holdings in Twilio by 18.7% and adding an extra 109 shares valued at $114,000. Manchester Capital Management LLC took this trend to an extreme level by raising its position in Twilio by a staggering 2,008.3%, acquiring an additional 723 shares worth $51,000.
These institutional investors collectively own a significant portion of Twilio’s stock amounting to approximately 80.87%. The confidence shown by these investors reflects their faith in the potential growth and profitability of the company.
On Thursday morning, Twilio stock opened at $56.19 per share. The firm boasts a debt-to-equity ratio of 0.10, indicating a relatively low level of debt compared to its equity capitalization. Additionally, it has maintained healthy liquidity with current and quick ratios both standing at a commendable level of 6.14.
Twilio’s performance over the past year showcases its volatility as well as potential for gains or losses for investors. The stock experienced fluctuations between its lowest point of $41.00 and highest point of $79.70 within that period.
A number of brokerages have provided analysis on Twilio’s prospects as well. Northland Securities increased their price objective on the shares from $60.00 to $66.00 and assigned an “outperform” rating. HSBC initiated coverage on Twilio with a “hold” rating, setting a price objective of $67.00. Needham & Company LLC reaffirmed a “buy” rating with a price target of $75.00, while Argus upgraded Twilio from a “hold” to a “buy” rating and set a target price of $72.00. StockNews.com also initiated coverage with a “hold” rating.
In conclusion, Twilio Inc., despite facing ups and downs in its stock performance, has garnered significant attention from institutional investors and hedge funds alike due to its potential for growth and profitability. With these investors increasing their stakes or entering the market afresh, it further solidifies the confidence they have in the company’s future prospects. However, it is important for individual investors to carefully consider the analysis provided by various brokerages and understand the risks associated with investing in this volatile market.
Disclaimer: The information provided in this article is solely for informational purposes and should not be considered as financial advice or recommendations to buy or sell stocks.
