Twilio Inc. (NYSE:TWLO) Stock Holdings Increased by Entropy Technologies LP

Key Points

• Entropy Technologies LP increased its stake in Twilio Inc. by 244.9%, acquiring a total of 36,772 shares worth approximately $3.6 million.
• Several analysts have revised their ratings on Twilio, with Goldman Sachs raising its price target from $130 to $145 and maintaining a "buy" rating.
• Despite positive earnings, Twilio's stock has fallen by 19.4% lately, currently trading at $98.59, significantly below its 12-month high of $151.95.

Entropy Technologies LP boosted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 244.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,772 shares of the technology company's stock after acquiring an additional 26,111 shares during the quarter. Entropy Technologies LP's holdings in Twilio were worth $3,600,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. LRI Investments LLC purchased a new stake in shares of Twilio in the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. purchased a new stake in Twilio during the first quarter worth $28,000. TCTC Holdings LLC lifted its holdings 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 buying an additional 183 shares during the period. Cloud Capital Management LLC purchased a new stake in Twilio during the first quarter worth $34,000. Finally, UMB Bank n.a. purchased a new stake in Twilio during the first quarter worth $37,000. Institutional investors own 84.27% of the company's stock.

Twilio Stock Up 2.4%

Shares of TWLO traded up $2.25 during midday trading on Wednesday, hitting $97.48. The company had a trading volume of 566,808 shares, compared to its average volume of 3,008,245. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95. The company's 50 day moving average price is $120.94 and its 200 day moving average price is $113.91. The company has a quick ratio of 4.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 813.47, a PEG ratio of 2.95 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $0.87 EPS. The company's quarterly revenue was up 13.5% on a year-over-year basis. On average, equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at $32,450,151.93. The trade was a 7.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the transaction, the director directly owned 33,488 shares of the company's stock, valued at $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. In the last three months, insiders sold 55,888 shares of company stock valued at $6,753,409. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TWLO shares. Tigress Financial reiterated a "buy" rating and set a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. JMP Securities reiterated a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. KeyCorp started coverage on Twilio in a report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective for the company. The Goldman Sachs Group upped their target price on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company cut their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and an average price target of $126.74.

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.