Donoghue Forlines LLC Invests $2.14 Million in Twilio Inc. (NYSE:TWLO)

Key Points

• Donoghue Forlines LLC has made a new investment of $2.14 million in Twilio Inc., purchasing 21,899 shares, as revealed in their recent 13F filing with the SEC.
• Twilio Inc. reported an EPS of $1.19 for the last quarter, exceeding analyst estimates and showing a revenue increase of 13.5% year-over-year.
• The stock has a consensus rating of "Moderate Buy" from analysts, with an average price target of $126.74.

Donoghue Forlines LLC bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,899 shares of the technology company's stock, valued at approximately $2,144,000.

Other large investors have also recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Twilio during the 1st quarter valued at about $25,000. Financial Gravity Asset Management Inc. bought a new stake in Twilio during the first quarter worth about $28,000. TCTC Holdings LLC boosted its stake in Twilio by 118.1% during the first quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock worth $33,000 after acquiring an additional 183 shares in the last quarter. Cloud Capital Management LLC bought a new stake in Twilio during the first quarter worth about $34,000. Finally, UMB Bank n.a. bought a new stake in Twilio during the first quarter worth about $37,000. Institutional investors own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 13,595 shares of the company'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 transaction of $1,591,430.70. Following the completion of the sale, the chief executive officer directly owned 246,986 shares of the company's stock, valued at approximately $28,912,181.16. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 8,297 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the sale, the chief financial officer directly owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,888 shares of company stock valued at $6,753,409. Insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TWLO shares. Scotiabank boosted their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Tigress Financial reissued a "buy" rating and set a $170.00 price objective on shares of Twilio in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Jefferies Financial Group set a $132.00 price objective on shares of Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. Finally, Morgan Stanley dropped their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.74.

Twilio Stock Performance

Shares of TWLO traded up $2.65 during mid-day trading on Tuesday, hitting $95.09. 6,241,024 shares of the company traded hands, compared to its average volume of 3,025,441. 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 stock has a 50-day moving average price of $121.39 and a two-hundred day moving average price of $114.04. Twilio Inc. has a 1 year low of $56.85 and a 1 year high of $151.95. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 792.48, a P/E/G ratio of 2.98 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. Twilio had a net margin of 0.43% and a return on equity of 2.77%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The firm's revenue was up 13.5% on a year-over-year basis. 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.