Twilio Inc. (NYSE:TWLO) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 211.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,878 shares of the technology company's stock after buying an additional 3,993 shares during the period. Concurrent Investment Advisors LLC's holdings in Twilio were worth $575,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of Twilio in the 4th quarter valued at about $301,258,000. Norges Bank purchased a new position in shares of Twilio in the 4th quarter valued at about $222,146,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Twilio by 26.1% in the 4th 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 purchasing an additional 331,202 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after purchasing an additional 1,048,619 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Wells Fargo & Company lowered their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. KeyCorp assumed coverage on Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price objective on the stock. Morgan Stanley lowered their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank Of Canada reiterated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, seven have issued 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.22.

Insider Buying and Selling

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director directly owned 33,488 shares in the company, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 13,595 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the sale, the chief executive officer directly owned 246,986 shares in the company, valued at approximately $28,912,181.16. The trade was a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,888 shares of company stock worth $6,753,409 over the last 90 days. 4.50% of the stock is owned by insiders.

Twilio Stock Up 4.6%

Shares of Twilio stock traded up $5.19 during trading hours on Monday, reaching $118.35. 2,925,220 shares of the company were exchanged, compared to its average volume of 2,859,906. Twilio Inc. has a 1 year low of $56.16 and a 1 year high of $151.95. The stock's fifty day moving average is $116.40 and its 200 day moving average is $112.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. The firm has a market cap of $18.07 billion, a PE ratio of -563.55, a PEG ratio of 3.52 and a beta of 1.30.

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

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.