Aigen Investment Management LP Buys 4,052 Shares of Twilio Inc. (NYSE:TWLO)

Key Points

• Aigen Investment Management LP increased its stake in Twilio Inc. (NYSE:TWLO) by 35.1%, acquiring an additional 4,052 shares, bringing its total holdings to 15,598 shares worth approximately $1.53 million.
• Several institutional investors are also showing interest in Twilio, with 84.27% of the stock owned by institutional entities, and notable increases in holdings by firms such as Entropy Technologies LP, which raised its stake by 244.9%.
• Recently, Twilio reported earnings of $1.19 per share for the last quarter, exceeding analyst expectations, with a revenue of $1.23 billion, reflecting a 13.5% year-over-year growth.

Aigen Investment Management LP grew its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 35.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,598 shares of the technology company's stock after purchasing an additional 4,052 shares during the quarter. Aigen Investment Management LP's holdings in Twilio were worth $1,527,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TWLO. Jericho Capital Asset Management L.P. acquired a new stake in shares of Twilio in the 4th quarter valued at approximately $301,258,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Twilio by 26.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company's stock valued at $173,190,000 after acquiring an additional 331,202 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Twilio by 3.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,271,273 shares of the technology company's stock valued at $124,470,000 after acquiring an additional 41,896 shares during the period. Two Sigma Investments LP raised its position in shares of Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after acquiring an additional 1,048,619 shares during the period. Finally, Northern Trust Corp raised its position in shares of Twilio by 9.5% in the 4th quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock valued at $119,855,000 after acquiring an additional 96,010 shares during the period. Institutional investors own 84.27% of the company's stock.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 8,297 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the completion of the transaction, the chief financial officer directly owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at $32,450,151.93. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,888 shares of company stock valued at $6,753,409. 4.50% of the stock is owned by corporate insiders.

Twilio Stock Up 2.9%

Shares of NYSE TWLO traded up $2.65 during midday trading on Tuesday, reaching $95.09. The company's stock had a trading volume of 6,241,024 shares, compared to its average volume of 3,896,618. The company has a current ratio of 4.90, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $56.85 and a fifty-two week high of $151.95. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 792.48, a PEG ratio of 2.95 and a beta of 1.23. The stock has a 50 day simple moving average of $120.94 and a 200-day simple moving average of $113.91.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $0.87 earnings per share. The firm's revenue was up 13.5% compared to the same quarter last year. Equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TWLO shares. Mizuho cut their price target on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group set a $132.00 price target on shares of Twilio and gave the company a "hold" rating in a research report on Sunday, June 15th. Wells Fargo & Company cut their price target 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. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Twilio in a report on Friday, May 16th. Finally, Wall Street Zen lowered shares of Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.74.

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.