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

Machina Capital S.A.S. acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,693 shares of the technology company's stock, valued at approximately $1,439,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in Twilio during the first quarter worth about $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Twilio during the first quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new stake in shares of Twilio in the 1st quarter worth approximately $34,000. UMB Bank n.a. bought a new stake in shares of Twilio in the 1st quarter worth approximately $37,000. Finally, CX Institutional purchased a new stake in shares of Twilio in the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

NYSE:TWLO traded down $0.68 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 business's 50-day simple moving average is $119.97 and its two-hundred day simple moving average is $113.26. The stock has a market cap of $20.00 billion, a price-to-earnings ratio of -623.78, a price-to-earnings-growth ratio of 4.09 and a beta of 1.30. Twilio Inc. has a 52-week low of $56.16 and a 52-week high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on TWLO. The Goldman Sachs Group lifted their price objective on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Scotiabank lifted their price target on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Twilio in a research report on Friday, May 16th. UBS Group reduced their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, KeyCorp began coverage on shares of Twilio in a research note on Friday, June 6th. They issued an "overweight" rating and a $146.00 target price on the stock. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.22.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the sale, the chief financial officer owned 147,823 shares of the company's stock, valued at $17,302,682.15. The trade was a 5.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 20,008 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer owned 260,581 shares of the company's stock, valued at $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,888 shares of company stock worth $6,753,409. Company insiders own 0.21% of the company's stock.

About Twilio

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.