ASR Vermogensbeheer N.V. acquired a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,310 shares of the technology company's stock, valued at approximately $716,000.
Several other large investors also recently modified their holdings of the company. Jericho Capital Asset Management L.P. acquired a new stake in Twilio in the fourth quarter worth $301,258,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Twilio by 26.1% in the fourth 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 buying an additional 331,202 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after buying an additional 1,048,619 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Twilio by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock valued at $119,855,000 after buying an additional 96,010 shares in the last quarter. Finally, Whale Rock Capital Management LLC bought a new position in shares of Twilio in the fourth quarter valued at $111,312,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.
Twilio Price Performance
NYSE:TWLO traded up $2.65 during mid-day trading on Tuesday, hitting $95.09. 6,241,024 shares of the stock traded hands, compared to its average volume of 3,896,618. The business's 50-day moving average price is $120.94 and its 200 day moving average price is $113.91. The company has a market cap of $14.52 billion, a PE ratio of 792.48, a price-to-earnings-growth ratio of 2.95 and a beta of 1.23. Twilio Inc. has a 12-month low of $56.85 and a 12-month high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.12.
Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.78%. Twilio's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. On average, analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.
Insiders Place Their Bets
In other Twilio news, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction that occurred 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 owned 147,823 shares of the company's stock, valued at $17,302,682.15. The trade was a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was 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 approximately $32,450,151.93. This represents a 7.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,888 shares of company stock valued at $6,753,409 in the last quarter. Corporate insiders own 4.50% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Piper Sandler raised their price objective on shares of Twilio from $140.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday. Morgan Stanley dropped their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Tigress Financial reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Twilio in a research note on Thursday, May 8th. HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and raised their price target for the company from $77.00 to $99.00 in a research report on Monday, May 5th. Finally, The Goldman Sachs Group raised their price target on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.74.
Check Out Our Latest Stock Analysis on Twilio
Twilio Company Profile
(
Free Report)
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.
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