Envestnet Asset Management Inc. Raises Holdings in Twilio Inc. (NYSE:TWLO)

Envestnet Asset Management Inc. increased its position in Twilio Inc. (NYSE:TWLO - Free Report) by 74.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,120 shares of the technology company's stock after acquiring an additional 35,127 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of Twilio worth $8,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TWLO. Brighton Jones LLC raised its stake in shares of Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock valued at $1,086,000 after buying an additional 623 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Twilio in the 4th quarter valued at about $97,000. Royal London Asset Management Ltd. increased its stake in shares of Twilio by 6.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 71,598 shares of the technology company's stock valued at $7,738,000 after purchasing an additional 4,471 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Twilio by 510.4% in the 4th quarter. Quantbot Technologies LP now owns 19,143 shares of the technology company's stock valued at $2,069,000 after purchasing an additional 16,007 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Twilio by 136.5% in the 4th quarter. American Century Companies Inc. now owns 102,345 shares of the technology company's stock valued at $11,061,000 after purchasing an additional 59,073 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TWLO. Scotiabank lifted their price target on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. KeyCorp initiated coverage on Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. Piper Sandler lifted their price objective on Twilio from $121.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Robert W. Baird lowered their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Twilio presently has an average rating of "Moderate Buy" and an average target price of $127.22.

Twilio Trading Down 0.5%

NYSE:TWLO traded down $0.68 during trading hours on Friday, reaching $130.99. 2,017,268 shares of the stock were exchanged, compared to its average volume of 2,552,000. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $120.26 and a two-hundred day moving average of $113.41. Twilio Inc. has a twelve month low of $56.16 and a twelve month high of $151.95. The company has a market capitalization of $20.00 billion, a price-to-earnings ratio of -623.78, a PEG ratio of 4.09 and a beta of 1.30.

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

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 13,595 shares of the company's stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,888 shares of company stock valued at $6,753,409. 0.21% of the stock is currently owned by company insiders.

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.