GAMMA Investing LLC Has $9.14 Million Stock Position in Twilio Inc. (NYSE:TWLO)

GAMMA Investing LLC grew its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 10,890.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,308 shares of the technology company's stock after buying an additional 92,459 shares during the quarter. GAMMA Investing LLC owned 0.06% of Twilio worth $9,136,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its holdings in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Twilio during the fourth quarter valued at about $44,000. Private Trust Co. NA grew its holdings in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after buying an additional 360 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of Twilio by 1,778.6% during the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after buying an additional 498 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

NYSE TWLO opened at $121.86 on Friday. The company's 50 day moving average is $101.65 and its 200-day moving average is $110.33. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $18.60 billion, a P/E ratio of -190.41, a price-to-earnings-growth ratio of 4.30 and a beta of 1.30.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 8,735 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $800,213.35. Following the completion of the transaction, the chief financial officer now directly owns 167,905 shares of the company's stock, valued at approximately $15,381,777.05. This represents a 4.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,884 shares of company stock valued at $4,719,065. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

TWLO has been the subject of a number of analyst reports. KeyCorp assumed coverage on shares of Twilio in a report on Friday. They set an "overweight" rating and a $146.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Twilio in a research report on Friday, May 16th. Wall Street Zen lowered shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Jefferies Financial Group dropped their price target on shares of Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Finally, UBS Group dropped their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.35.

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.

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