Bayforest Capital Ltd Raises Holdings in Twilio Inc. (NYSE:TWLO)

Key Points

• Bayforest Capital Ltd increased its stake in Twilio Inc. by 160% during the first quarter, owning 4,175 shares valued at approximately $409,000.
• Several large investors, including Jericho Capital Asset Management, UBS AM, and Two Sigma Investments, significantly boosted their holdings in Twilio during the fourth quarter.
• Wall Street analysts maintain a positive outlook, with seventeen analysts issuing a buy rating and an average target price of $127.22 for Twilio shares.

Bayforest Capital Ltd grew its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 160.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,175 shares of the technology company's stock after acquiring an additional 2,569 shares during the quarter. Bayforest Capital Ltd's holdings in Twilio were worth $409,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TWLO. Brighton Jones LLC boosted its holdings in Twilio by 6.6% in the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after acquiring an additional 623 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Twilio by 136.5% during the fourth quarter. American Century Companies Inc. now owns 102,345 shares of the technology company's stock worth $11,061,000 after purchasing an additional 59,073 shares during the period. Allstate Corp acquired a new stake in shares of Twilio during the fourth quarter worth about $496,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Twilio by 1,811.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 26,799 shares of the technology company's stock worth $2,976,000 after purchasing an additional 25,397 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Twilio by 568.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 42,913 shares of the technology company's stock worth $4,638,000 after purchasing an additional 36,489 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Price Performance

Shares of Twilio stock traded down $7.86 on Friday, reaching $121.14. The company's stock had a trading volume of 2,801,480 shares, compared to its average volume of 2,428,753. The company has a market capitalization of $18.49 billion, a P/E ratio of -576.86, a PEG ratio of 4.01 and a beta of 1.23. Twilio Inc. has a 52-week low of $56.85 and a 52-week high of $151.95. The stock has a 50-day moving average price of $121.57 and a 200-day moving average price of $114.07. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director directly owned 33,488 shares in the company, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 13,595 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the sale, the chief executive officer owned 246,986 shares of the company's stock, valued at $28,912,181.16. This trade represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,888 shares of company stock worth $6,753,409 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on TWLO shares. HSBC raised Twilio from a "reduce" rating to a "hold" rating and lifted their target price for the stock from $77.00 to $99.00 in a report on Monday, May 5th. Mizuho decreased their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. KeyCorp started coverage on Twilio in a report on Friday, June 6th. They set an "overweight" rating and a $146.00 target price for the company. Scotiabank lifted their target price on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Finally, Tigress Financial reaffirmed a "buy" rating and set a $170.00 target price on shares of Twilio in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.

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.