Cary Street Partners Financial LLC Invests $424,000 in Twilio Inc. (NYSE:TWLO)

Cary Street Partners Financial LLC bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,924 shares of the technology company's stock, valued at approximately $424,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after acquiring an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in Twilio during the fourth quarter worth about $301,258,000. Norges Bank purchased a new position in Twilio during the fourth quarter worth about $222,146,000. Altimeter Capital Management LP acquired a new position in Twilio in the 4th quarter valued at about $63,001,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $62,999,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on TWLO shares. Robert W. Baird decreased their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Wells Fargo & Company decreased their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Twilio Stock Up 5.1%

NYSE TWLO traded up $5.42 during trading hours on Monday, hitting $111.11. 2,775,743 shares of the company were exchanged, compared to its average volume of 2,666,642. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of -173.60, a PEG ratio of 4.30 and a beta of 1.44. The company has a 50 day moving average of $95.86 and a two-hundred day moving average of $106.80. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share 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 firm 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 quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the transaction, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. This represents a 4.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 0.21% of the company's stock.

About Twilio

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.