JPMorgan Chase & Co. purchased a new position in Twilio Inc (NASDAQ:TWLO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 287,012 shares of the company’s stock, valued at approximately $10,476,000. JPMorgan Chase & Co. owned 1.62% of Twilio at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. purchased a new position in Twilio during the second quarter worth about $443,000. TD Asset Management Inc. bought a new stake in shares of Twilio during the second quarter worth $737,000. Marcus Capital LLC bought a new stake in shares of Twilio during the second quarter worth $1,141,000. Eagle Asset Management Inc. bought a new stake in shares of Twilio during the second quarter worth $1,824,000. Finally, Geneva Advisors LLC bought a new stake in shares of Twilio during the second quarter worth $2,338,000.
Shares of Twilio Inc (NASDAQ:TWLO) traded down 4.23% during midday trading on Tuesday, reaching $62.27. The company’s stock had a trading volume of 1,592,448 shares. Twilio Inc has a 12-month low of $23.66 and a 12-month high of $70.96. The stock’s 50-day moving average price is $58.34 and its 200-day moving average price is $48.54. The company’s market cap is $5.27 billion.
Twilio (NASDAQ:TWLO) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The firm earned $64.50 million during the quarter, compared to analysts’ expectations of $39.95 million. The company’s revenue was up 70.0% on a year-over-year basis. On average, analysts expect that Twilio Inc will post ($0.29) EPS for the current fiscal year.
A number of brokerages recently weighed in on TWLO. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $37.00 price objective (up previously from $33.00) on shares of Twilio in a research report on Thursday, August 11th. JMP Securities reaffirmed a “market perform” rating on shares of Twilio in a research report on Thursday, August 11th. Pacific Crest began coverage on Twilio in a research report on Monday, July 18th. They set a “sector weight” rating on the stock. JPMorgan Chase & Co. began coverage on Twilio in a research report on Monday, July 18th. They set a “neutral” rating and a $39.00 price objective on the stock. They noted that the move was a valuation call. Finally, William Blair began coverage on Twilio in a research report on Monday, July 18th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.75.
Twilio Inc offers Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. It Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications via its Application Programming Interfaces.
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