Invst LLC Acquires Shares of 2,833 Twilio Inc. (NYSE:TWLO)

Invst LLC acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,833 shares of the technology company's stock, valued at approximately $306,000.

Several other institutional investors also recently modified their holdings of TWLO. Cache Advisors LLC acquired a new stake in Twilio during the 4th quarter valued at $369,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Twilio by 26.1% during 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 worth $173,190,000 after acquiring an additional 331,202 shares during the last quarter. Waverly Advisors LLC bought a new stake in Twilio in the 4th quarter valued at $201,000. Worldquant Millennium Advisors LLC grew its holdings in Twilio by 1,886.3% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 267,758 shares of the technology company's stock valued at $28,939,000 after buying an additional 254,278 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in Twilio in the 4th quarter valued at $111,312,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Aidan Viggiano sold 8,735 shares of Twilio stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $800,213.35. Following the completion of the sale, the chief financial officer now owns 167,905 shares in the company, valued at $15,381,777.05. The trade was a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,784 shares of company stock valued at $4,226,942 in the last ninety days. 4.50% of the stock is owned by company insiders.

Twilio Trading Down 1.3%

Shares of NYSE:TWLO traded down $1.47 during trading on Friday, reaching $115.76. The stock had a trading volume of 693,719 shares, compared to its average volume of 2,672,965. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm's fifty day moving average is $99.44 and its 200 day moving average is $109.32. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of -180.76, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last released its 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 business 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 business earned $0.80 earnings per share. Twilio's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. Royal Bank of Canada reiterated an "underperform" rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. William Blair reissued an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Mizuho decreased their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley dropped their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has 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 an average price target of $124.41.

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.