Machina Capital S.A.S. Invests $1.44 Million in Twilio Inc. (NYSE:TWLO)

Machina Capital S.A.S. acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,693 shares of the technology company's stock, valued at approximately $1,439,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AE Wealth Management LLC bought a new position in Twilio during the 1st quarter worth approximately $256,000. Wedbush Securities Inc. raised its stake in shares of Twilio by 61.6% in the first quarter. Wedbush Securities Inc. now owns 4,078 shares of the technology company's stock worth $399,000 after purchasing an additional 1,554 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of Twilio by 14.8% during the first quarter. KLP Kapitalforvaltning AS now owns 92,500 shares of the technology company's stock valued at $9,057,000 after buying an additional 11,900 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Twilio by 529.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 41,345 shares of the technology company's stock worth $4,048,000 after buying an additional 34,774 shares in the last quarter. Finally, Choreo LLC grew its stake in shares of Twilio by 4.8% in the 1st quarter. Choreo LLC now owns 17,231 shares of the technology company's stock worth $1,687,000 after acquiring an additional 784 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In other news, Director Erika Rottenberg sold 4,100 shares of the business's 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 transaction, the director owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares of the company's stock, valued at $17,302,682.15. This represents a 5.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,888 shares of company stock worth $6,753,409. Company insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Scotiabank increased 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. Wall Street Zen lowered shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Twilio in a research report on Friday, May 16th. KeyCorp assumed coverage on Twilio in a research note on Friday, June 6th. They issued an "overweight" rating and a $146.00 price objective on the stock. Finally, Tigress Financial reiterated a "buy" rating and issued a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.

Twilio Stock Down 0.5%

TWLO stock traded down $0.68 during midday trading on Friday, hitting $130.99. The stock had a trading volume of 2,017,268 shares, compared to its average volume of 2,552,000. 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 firm has a market cap of $20.00 billion, a price-to-earnings ratio of -623.78, a price-to-earnings-growth ratio of 4.08 and a beta of 1.30. The business has a 50-day moving average of $120.26 and a two-hundred day moving average of $113.42. Twilio Inc. has a 52-week low of $56.16 and a 52-week high of $151.95.

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 0.74% and a positive return on equity of 2.25%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $0.80 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.