582,915 Shares in Twilio Inc. (NYSE:TWLO) Purchased by Altimeter Capital Management LP

Altimeter Capital Management LP bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 582,915 shares of the technology company's stock, valued at approximately $63,001,000. Twilio comprises about 1.1% of Altimeter Capital Management LP's investment portfolio, making the stock its 19th largest position. Altimeter Capital Management LP owned 0.38% of Twilio as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Twilio during the fourth quarter valued at approximately $44,000. Private Trust Co. NA grew its holdings in Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after buying an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Twilio in the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity at Twilio

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

Twilio Stock Down 2.0 %

Shares of NYSE TWLO traded down $2.11 during mid-day trading on Tuesday, reaching $100.94. The company had a trading volume of 2,808,930 shares, compared to its average volume of 2,702,499. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of -157.72, a PEG ratio of 4.30 and a beta of 1.44. The stock has a fifty day moving average of $97.04 and a two-hundred day moving average of $105.59. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $0.80 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TWLO. Morgan Stanley decreased their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird decreased their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. William Blair restated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, UBS Group dropped their target price on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $120.21.

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.