The Vanguard Group, Inc. recently announced the acquisition of new stake in Twilio Inc (NYSE:TWLO). The institutional investor has increased its shareholding in the Communication Services company by 2.65% to 17.19 million shares with purchase of 0.44 million shares. This fresh investment now brings its stake to 9.49% valued currently at $1.11 billion. In addition, Voya Investment Management Co. LL raised its holdings by 1.13 million to 7.68 million shares. And BlackRock Fund Advisors has lifted its position by 0.43% or 31486.0 shares – to 7.34 million shares.
With over 6.63 million Twilio Inc (TWLO) shares trading Monday and a closing price of $73.64 on the day, the dollar volume was approximately $488.03 million. The shares have shown a positive half year performance of 15.84% and its price on 01/08/24 gained nearly 6.68%. Currently, there are 176.36M common shares owned by the public and among those 171.44M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 35 analysts who have offered their price forecasts for TWLO have a consensus price objective of $72.11. The analysts have set the share’s price value over the next 12 months at a high of $110.00 and a low of $50.00. The average price target is -2.12% below its recent price level and a downside to the estimated low will see the stock lose -47.28% over that period. But an upside of 33.05% will see the stock hit the forecast high price target while median target price for the stock is $72.00.
Insiders at the company have transacted a total of 114 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 48 of these insider trades were purchases, accounting for 822,590 shares. Insider sales of the common stock occurred on 66 occasions, with total insider shares sold totaling 256,091 shares.
The top 3 mutual fund holders in Twilio Inc are Vanguard Total Stock Market ETF, ARK Innovation ETF, and Vanguard Mid Cap Index Fund. Vanguard Total Stock Market ETF owns 5.39 million shares of the company’s stock, all valued at over $348.35 million. The company bought an additional 6877.0 shares recently to bring their total holdings to about 2.98% of the shares outstanding. ARK Innovation ETF sold 36244.0 shares to see its total holdings shrink to 4.76 million shares valued at over $308.06 million and representing 2.63% of the shares outstanding. Vanguard Mid Cap Index Fund sold 3581.0 shares to bring its total holdings to over 3.89 million shares at a value of $251.86 million. Vanguard Mid Cap Index Fund now owns shares totaling to 2.15% of the shares outstanding.
Shares of Twilio Inc (NYSE: TWLO) opened at $70.37, up $1.34 from a prior closing price of $69.03. However, the script later moved the day high at 74.47, up 6.68%. The company’s stock has a 5-day price change of -2.94% and 29.53% over the past three months. TWLO shares are trading -2.94% year to date (YTD), with the 12-month market performance up to 46.72% higher. It has a 12-month low price of $45.02 and touched a high of $79.70 over the same period. TWLO has an average intraday trading volume of 2.74 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.03%, 13.27%, and 19.80% respectively.
Institutional ownership of Twilio Inc (NYSE: TWLO) shares accounts for 78.85% of the company’s 176.36M shares outstanding. Mutual fund holders own 40.21%, while other institutional holders and individual stakeholders account for 5.32% and 38.86% respectively.
It has a market capitalization of $13.33B and a beta (3y monthly) value of 1.42. The earnings-per-share (ttm) stands at -$4.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.70% over the week and 2.83% over the month.
Analysts forecast that Twilio Inc (TWLO) will achieve an EPS of $0.57 for the current quarter, $0.54 for the next quarter and $2.44 for 2024. The lowest estimate earnings-per-share for the quarter is $0.52 while analysts give the company a high EPS estimate of $0.7. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to increase by 1546.04%, and 14.58% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 35 brokerage firm advisors rate Twilio Inc (TWLO) as a “Moderate Buy” at a consensus score of 2.26. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 16 of the 35 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the TWLO, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on December 13, 2023, with the firm’s price target at $70-$80.
