The Vanguard Group, Inc. has recently announced that it has increased stake in Twilio Inc (NYSE:TWLO) by 2.65%. After grabbing 17.19 million shares, the institutional investor is now in possession of 0.44 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 9.49% having worth around $1.11 billion. Moreover, Voya Investment Management Co. LL increased its share by 1.13 million to have a control over 7.68 million shares. And BlackRock Fund Advisors raised its holdings to 31486.0 shares by acquiring 7.34 million shares or 4.05% of the stake.
Twilio Inc (TWLO) concluded trading on 12/21/23 at a closing price of $76.21, with 1.78 million shares of worth about $135.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.02% during that period and on Thursday the price saw a gain of about 1.68%. Currently the company’s common shares owned by public are about 176.36M shares, out of which, 171.45M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 35 analysts are covering the TWLO stock and their offered price forecasts bring an average price target of $70.41. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $110.00 and could fall to a lowest price of $50.00. The stock’s current price level is -9.09% below of average price target set by the analysts, while a dip to estimated low would result in loss of -52.42% for the stock. However, touching the estimated high of $110.00 would mean a gain of 30.72% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 115 times over the past 12 months. They bought 822,590 shares in 48 of the transactions. In 67 selling transactions, insiders dumped 257,682 shares.
Vanguard Total Stock Market ETF, ARK Innovation ETF, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Twilio Inc Vanguard Total Stock Market ETF is currently holding 5.38 million shares of worth totaling $347.9 million. The company recently came buying 4873.0 shares which brought its stake up to 2.97% of the company’s outstanding shares. ARK Innovation ETF sold 36244.0 shares, after which its hold over company’s outstanding shares shrunk to 2.63%, leaving 4.76 million shares with the mutual fund that have a worth of about $308.06 million. Vanguard Mid Cap Index Fund, after selling 3.89 million shares, have now control over 2.15% of the stake in the company. It holds 3581.0 shares of worth $251.86 million.
Twilio Inc (NYSE: TWLO) started trading at $76.19, above $1.24 from concluding price of the previous day. However, the stock later moved at a day high price of 76.43, or with a gain of 1.68%. Stock saw a price change of 0.51% in past 5 days and over the past one month there was a price change of 21.88%. Year-to-date (YTD), TWLO shares are showing a performance of 55.66% which increased to 62.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.78 but also hit the highest price of $79.70 during that period. The average intraday trading volume for Twilio Inc shares is 2.74 million. The stock is currently trading 9.61% above its 20-day simple moving average (SMA20), while that difference is up 24.16% for SMA50 and it goes to 24.87% higher than SMA200.
The Vanguard Group, Inc. acquired 17.19 million shares of Twilio Inc having value of about $1.11 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.44 million shares in the company valued at close to $33773985.7, or have control over 2.65% stake in the company. Twilio Inc (NYSE: TWLO) currently have 176.36M outstanding shares and institutions hold larger chunk of about 78.83% of that. Holding of mutual funds in the company is about 40.17% while other institutional holders and individual stake holders have control over 5.32% and 38.91% of the stake respectively.
The stock has a current market capitalization of $13.80B and its 3Y-monthly beta is at 1.46. It has posted earnings per share of -$4.76 in the same period. It has Quick Ratio of 6.24 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TWLO, volatility over the week remained 2.81% while standing at 3.01% over the month.
Analysts are in expectations that Twilio Inc (TWLO) stock would likely to be making an EPS of $0.57 in the current quarter, while forecast for next quarter EPS is $0.54 and it is $2.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.52 which is $0.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1540.67% while it is estimated to increase by 14.20% in next year.
Analysts at 35 brokerage firms have issued recommendations for the Twilio Inc (TWLO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.17. Out of those 35 Wall Street analysts, 15 recommended a “Buy” rating, while 16 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on December 13, 2023 offering a Buy rating for the stock and assigned a target price range of between $70 and $80 to it.
