Adage Capital Partners GP L.L.C. Buys New Stake in Twilio Inc. (NYSE:TWLO)

Adage Capital Partners GP L.L.C. purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 35,000 shares of the technology company's stock, valued at approximately $3,783,000.

Several other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after acquiring an additional 2,864,235 shares in the last quarter. Norges Bank purchased a new stake in Twilio in the fourth quarter worth about $222,146,000. Renaissance Technologies LLC bought a new position in Twilio during the 4th quarter worth about $62,999,000. Schroder Investment Management Group increased its position in Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after purchasing an additional 509,153 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Twilio by 1,267.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after purchasing an additional 421,199 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Trading Up 2.3 %

Twilio stock traded up $2.23 during trading on Friday, hitting $100.11. The company had a trading volume of 7,162,474 shares, compared to its average volume of 2,692,843. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company's 50 day simple moving average is $97.36 and its 200-day simple moving average is $104.88. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of -156.42, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 in the last quarter. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TWLO shares. UBS Group reduced their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Friday. Monness Crespi & Hardt boosted their target price on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Monday, January 27th. William Blair reiterated an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Needham & Company LLC cut their price objective on shares of Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Oppenheimer increased their price objective on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.13.

Twilio Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.