Charles Schwab Investment Management Inc. Buys 41,896 Shares of Twilio Inc. (NYSE:TWLO)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Twilio Inc. by 3.4%, acquiring an additional 41,896 shares, bringing its total to 1,271,273 shares, valued at $124.47 million.
• Twilio reported a 13.5% year-over-year revenue growth in its latest earnings report, with earnings per share at $1.19, exceeding analysts' expectations.
• Analysts have mixed views on Twilio, with price targets ranging from $125.00 to $145.00, resulting in a consensus rating of "Moderate Buy."

Charles Schwab Investment Management Inc. lifted its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 3.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,271,273 shares of the technology company's stock after acquiring an additional 41,896 shares during the period. Charles Schwab Investment Management Inc. owned 0.83% of Twilio worth $124,470,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. ASR Vermogensbeheer N.V. acquired a new stake in Twilio in the 1st quarter valued at approximately $716,000. Greykasell Wealth Strategies Inc. acquired a new stake in Twilio in the 1st quarter valued at approximately $46,000. Thoroughbred Financial Services LLC grew its holdings in Twilio by 118.0% in the 1st quarter. Thoroughbred Financial Services LLC now owns 13,518 shares of the technology company's stock valued at $1,323,000 after buying an additional 7,318 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in Twilio by 13.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 818,964 shares of the technology company's stock valued at $80,185,000 after buying an additional 97,337 shares during the last quarter. Finally, J. Safra Sarasin Holding AG grew its holdings in Twilio by 50.6% in the 1st quarter. J. Safra Sarasin Holding AG now owns 26,404 shares of the technology company's stock valued at $2,585,000 after buying an additional 8,866 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Trading Down 6.4%

NYSE TWLO opened at $92.33 on Tuesday. Twilio Inc. has a 12 month low of $56.85 and a 12 month high of $151.95. The stock has a 50-day simple moving average of $121.39 and a 200 day simple moving average of $114.04. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $14.10 billion, a PE ratio of 769.45, a P/E/G ratio of 2.98 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. Twilio had a return on equity of 2.77% and a net margin of 0.43%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The company's quarterly revenue was up 13.5% on a year-over-year basis. Research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on TWLO shares. The Goldman Sachs Group raised their target price on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Mizuho lowered 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. UBS Group lowered their price objective on Twilio from $150.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Scotiabank boosted their price objective on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.74.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the transaction, the chief financial officer directly owned 147,823 shares in the company, 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 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 value of $492,123.00. Following the transaction, the director owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock valued at $6,753,409 over the last 90 days. 4.50% of the stock is owned by company insiders.

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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