Twilio Inc. (NYSE:TWLO) Stake Lifted by California First Leasing Corp

California First Leasing Corp lifted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 32.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,300 shares of the technology company's stock after purchasing an additional 7,400 shares during the period. Twilio comprises about 1.3% of California First Leasing Corp's holdings, making the stock its 26th largest position. California First Leasing Corp's holdings in Twilio were worth $2,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its position in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Twilio in the fourth quarter worth $301,258,000. Norges Bank purchased a new stake in shares of Twilio in the fourth quarter valued at $222,146,000. Two Sigma Investments LP boosted its stake in shares of Twilio by 1,292.9% during 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 acquiring an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in Twilio during the 4th quarter worth about $111,312,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. UBS Group reduced their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group boosted their price target on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Twilio in a research note on Friday, May 16th. 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.39.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 7,964 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.33, for a total transaction of $990,164.12. Following the completion of the sale, the chief financial officer owned 156,120 shares of the company's stock, valued at $19,410,399.60. This represents a 4.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director owned 33,488 shares in the company, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,996 shares of company stock valued at $4,190,814 over the last 90 days. 4.50% of the stock is owned by company insiders.

Twilio Stock Up 1.1%

Shares of Twilio stock traded up $1.28 on Monday, hitting $121.55. 1,520,618 shares of the company's stock traded hands, compared to its average volume of 2,632,295. Twilio Inc. has a 52-week low of $55.38 and a 52-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 stock has a market cap of $18.56 billion, a P/E ratio of -578.81, a PEG ratio of 3.74 and a beta of 1.30. The firm's 50-day moving average is $114.21 and its 200 day moving average is $111.87.

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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. Equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share 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.