Commerce Bank Purchases 23,970 Shares of Twilio Inc. (NYSE:TWLO)

Commerce Bank lifted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 725.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,273 shares of the technology company's stock after purchasing an additional 23,970 shares during the period. Commerce Bank's holdings in Twilio were worth $2,948,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farringdon Capital Ltd. bought a new position in Twilio in the 4th quarter worth about $309,000. Zacks Investment Management raised its stake in Twilio by 211.0% in the fourth quarter. Zacks Investment Management now owns 161,472 shares of the technology company's stock valued at $17,452,000 after purchasing an additional 109,556 shares in the last quarter. Marshall Wace LLP grew its stake in Twilio by 337.0% in the 4th quarter. Marshall Wace LLP now owns 510,778 shares of the technology company's stock worth $55,205,000 after buying an additional 393,892 shares in the last quarter. Brandywine Managers LLC bought a new position in shares of Twilio in the 4th quarter worth $255,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Twilio by 2,648.1% during the 4th quarter. NewEdge Advisors LLC now owns 7,310 shares of the technology company's stock worth $790,000 after acquiring an additional 7,044 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

TWLO traded up $1.62 during trading on Friday, hitting $95.15. The company's stock had a trading volume of 2,286,162 shares, compared to its average volume of 2,641,001. The business's 50 day simple moving average is $99.35 and its 200-day simple moving average is $103.94. The firm has a market cap of $14.52 billion, a PE ratio of -148.67, a P/E/G ratio of 4.30 and a beta of 1.50. 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.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Ratings Changes

TWLO has been the subject of a number of recent research reports. Royal Bank of Canada restated an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. UBS Group increased their target price on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a report on Friday, February 14th. Barclays boosted their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and raised their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Finally, Oppenheimer increased their target price 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, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $129.30.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business's 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. 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 this link. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio 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 sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by company insiders.

Twilio Company 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.