Hedeker Wealth LLC Grows Stock Holdings in Twilio Inc. (NYSE:TWLO)

Key Points

• Hedeker Wealth LLC increased its stake in Twilio Inc. by 111.4%, owning 31,403 shares valued at approximately $3.08 million.
• Analysts have mixed views on Twilio, with price targets ranging from $120 to $145, reflecting varying expectations for the company’s future performance.
• In recent insider transactions, both the CFO and CEO of Twilio sold significant amounts of stock, indicating a potential shift in insider confidence.

Hedeker Wealth LLC lifted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 111.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,403 shares of the technology company's stock after acquiring an additional 16,547 shares during the quarter. Hedeker Wealth LLC's holdings in Twilio were worth $3,075,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company decreased their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Mizuho decreased their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen downgraded shares of Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Scotiabank upped their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and a consensus target price of $127.22.

Twilio Price Performance

Twilio stock traded down $0.68 during mid-day trading on Friday, reaching $130.99. The company had a trading volume of 2,017,268 shares, compared to its average volume of 2,552,000. Twilio Inc. has a 1 year low of $56.16 and a 1 year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The company has a market capitalization of $20.00 billion, a P/E ratio of -623.78, a P/E/G ratio of 4.09 and a beta of 1.30. The stock's 50-day simple moving average is $120.26 and its 200-day simple moving average is $113.41.

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

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the transaction, the chief financial officer directly owned 147,823 shares in the company, valued at $17,302,682.15. The trade was a 5.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of Twilio stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer owned 260,581 shares of the company's stock, valued at $32,450,151.93. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,888 shares of company stock worth $6,753,409 in the last ninety days. Insiders own 0.21% of the company's stock.

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.