California First Leasing Corp Purchases 7,400 Shares of Twilio Inc. (NYSE:TWLO)

California First Leasing Corp raised its position in Twilio Inc. (NYSE:TWLO - Free Report) by 32.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 30,300 shares of the technology company's stock after acquiring an additional 7,400 shares during the period. Twilio makes up 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Twilio in the 1st quarter worth about $34,000. UMB Bank n.a. bought a new stake in Twilio during the 1st quarter worth approximately $37,000. CX Institutional purchased a new stake in shares of Twilio in the first quarter worth approximately $39,000. AdvisorNet Financial Inc raised its stake in shares of Twilio by 1,778.6% in the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock worth $52,000 after purchasing an additional 498 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Twilio in the first quarter valued at approximately $54,000. Institutional investors own 84.27% of the company's stock.

Twilio Trading Up 3.3%

Shares of TWLO opened at $120.41 on Monday. Twilio Inc. has a 1-year low of $55.38 and a 1-year high of $151.95. The company has a market capitalization of $18.38 billion, a P/E ratio of -573.38, a P/E/G ratio of 3.74 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The firm's 50 day simple moving average is $114.21 and its 200 day simple moving average is $111.87.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company reduced their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Mizuho cut their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. Finally, HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and boosted their price target for the stock from $77.00 to $99.00 in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and an average target price of $126.39.

Insider Activity

In other news, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at approximately $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director owned 33,488 shares of the company's stock, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,996 shares of company stock valued at $4,190,814. Corporate insiders own 4.50% of the company's stock.

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.

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