Ensign Peak Advisors Inc Buys 89,512 Shares of Twilio Inc. (NYSE:TWLO)

Ensign Peak Advisors Inc boosted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 324,710 shares of the technology company's stock after acquiring an additional 89,512 shares during the period. Ensign Peak Advisors Inc owned 0.21% of Twilio worth $35,095,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FORA Capital LLC acquired a new position in shares of Twilio during the fourth quarter valued at about $7,999,000. Frontier Capital Management Co. LLC grew its holdings in Twilio by 92.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 819,896 shares of the technology company's stock worth $88,614,000 after buying an additional 393,348 shares in the last quarter. Circle Wealth Management LLC bought a new stake in Twilio during the fourth quarter worth $588,000. Cladis Investment Advisory LLC bought a new stake in Twilio during the fourth quarter worth $308,000. Finally, Deutsche Bank AG grew its holdings in Twilio by 21.8% during the fourth quarter. Deutsche Bank AG now owns 954,136 shares of the technology company's stock worth $103,123,000 after buying an additional 170,936 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the firm'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 sale, the chief financial officer now owns 176,640 shares of the company's stock, valued at $16,936,243.20. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction dated 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 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. In the last three months, insiders have sold 23,471 shares of company stock valued at $2,344,149. Corporate insiders own 0.21% of the company's stock.

Twilio Price Performance

Shares of NYSE TWLO traded down $0.38 during mid-day trading on Wednesday, reaching $114.16. 2,540,063 shares of the company were exchanged, compared to its average volume of 2,669,429. The company's 50 day moving average price is $95.98 and its 200 day moving average price is $106.85. Twilio Inc. has a 52 week low of $52.51 and a 52 week 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 stock has a market capitalization of $17.42 billion, a PE ratio of -178.38, a PEG ratio of 4.30 and a beta of 1.44.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JMP Securities reiterated a "market outperform" rating and set a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Barclays increased their target price on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Mizuho dropped their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. HSBC raised Twilio from a "reduce" rating to a "hold" rating and increased their price objective for the company from $77.00 to $99.00 in a report on Monday, May 5th. Finally, UBS Group dropped their price target on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.41.

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.