2,869 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. acquired 2,869 shares of Twilio Inc. during the first quarter, valued at approximately $281,000, indicating growing institutional interest in the company.
• Several other investors, including LRI Investments and Cloud Capital Management, also purchased stakes in Twilio, with institutional investors owning 84.27% of the company's stock.
• In recent insider transactions, Director Erika Rottenberg and CFO Aidan Viggiano sold significant amounts of company shares, reflecting a decrease in insider ownership.

Jefferies Financial Group Inc. bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,869 shares of the technology company's stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Woodward Diversified Capital LLC lifted its position in shares of Twilio by 1.5% in the first quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company's stock worth $701,000 after buying an additional 103 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Twilio by 6.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock valued at $239,000 after acquiring an additional 140 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Twilio by 4.9% in the first quarter. Signaturefd LLC now owns 3,560 shares of the technology company's stock worth $349,000 after buying an additional 167 shares during the period. Pallas Capital Advisors LLC raised its holdings in shares of Twilio by 2.7% in the first quarter. Pallas Capital Advisors LLC now owns 6,591 shares of the technology company's stock worth $645,000 after buying an additional 171 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Twilio by 9.2% in the first quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock worth $202,000 after buying an additional 174 shares during the period. Institutional investors own 84.27% of the company's stock.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares in the company, valued at approximately $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 13,595 shares of Twilio stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total value of $1,591,430.70. Following the transaction, the chief executive officer owned 246,986 shares in the company, valued at approximately $28,912,181.16. The trade was a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock valued at $6,753,409 in the last 90 days. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

TWLO has been the topic of several recent research reports. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Piper Sandler boosted their target price on Twilio from $140.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group decreased their price target on Twilio from $150.00 to $135.00 and set a "buy" rating for the company in a research note on Friday. Mizuho decreased their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Morgan Stanley decreased their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.74.

Twilio Price Performance

Shares of Twilio stock traded up $2.65 during mid-day trading on Tuesday, reaching $95.09. 6,209,585 shares of the stock traded hands, compared to its average volume of 3,025,224. Twilio Inc. has a fifty-two week low of $56.85 and a fifty-two week high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $121.39 and a 200 day moving average of $114.04. The stock has a market capitalization of $14.52 billion, a PE ratio of 792.48, a PEG ratio of 2.98 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. Twilio had a net margin of 0.43% and a return on equity of 2.77%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The firm's quarterly revenue was up 13.5% on a year-over-year basis. On average, 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.