Caisse DE Depot ET Placement DU Quebec Invests $12.84 Million in Twilio Inc. (NYSE:TWLO)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 118,785 shares of the technology company's stock, valued at approximately $12,838,000. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Twilio at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after buying an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in Twilio in the fourth quarter valued at approximately $301,258,000. Norges Bank acquired a new position in Twilio during the fourth quarter worth $222,146,000. Northern Trust Corp boosted its position in shares of Twilio by 9.5% during the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock worth $119,855,000 after buying an additional 96,010 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after buying an additional 99,786 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Trading Up 2.3 %

NYSE TWLO opened at $100.11 on Friday. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The firm has a market cap of $15.28 billion, a PE ratio of -156.42, a P/E/G ratio of 4.30 and a beta of 1.44. The firm's fifty day moving average is $97.36 and its two-hundred day moving average is $105.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of research analyst reports. Robert W. Baird lowered their target price on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday. UBS Group lowered 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. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. Piper Sandler raised their price target on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Wells Fargo & Company cut their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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.

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