Comerica Bank Has $21.37 Million Stake in Twilio Inc. (NYSE:TWLO)

Comerica Bank raised its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 4,274.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,733 shares of the technology company's stock after buying an additional 193,213 shares during the quarter. Comerica Bank owned 0.13% of Twilio worth $21,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC boosted its position in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust boosted 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 worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new position in Twilio in the 4th quarter valued at approximately $44,000. Private Trust Co. NA lifted its position 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 shares of Twilio during the 4th quarter valued at $75,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of research reports. Stifel Nicolaus upped their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Jefferies Financial Group dropped their target price on Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. StockNews.com upgraded Twilio from a "hold" rating to a "buy" rating in a report on Friday. Robert W. Baird cut their price objective on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, 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 report on Friday. One 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 assigned a strong buy rating to the company. According to MarketBeat, Twilio has an average rating of "Moderate Buy" and a consensus target price of $121.13.

Insiders Place Their Bets

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

Twilio Price Performance

TWLO traded up $2.23 during midday trading on Friday, reaching $100.11. 7,162,474 shares of the company's stock were exchanged, compared to its average volume of 2,694,647. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. 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 business has a 50-day simple moving average of $97.36 and a two-hundred day simple moving average of $105.12. The firm has a market capitalization 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 posted its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. As a group, research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

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.