New Millennium Group LLC Acquires New Position in Twilio Inc. (NYSE:TWLO)

New Millennium Group LLC bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,206 shares of the technology company's stock, valued at approximately $1,293,000. Twilio makes up about 0.8% of New Millennium Group LLC's portfolio, making the stock its 25th largest position.

A number of other hedge funds have also recently bought and sold shares of TWLO. M&T Bank Corp boosted its position in Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after acquiring an additional 85 shares during the period. Freestone Capital Holdings LLC raised its position in Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock worth $423,000 after acquiring an additional 124 shares in the last quarter. Harbour Investments Inc. lifted its stake in Twilio by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after purchasing an additional 135 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Twilio by 6.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock valued at $239,000 after acquiring an additional 140 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Performance

NYSE TWLO traded down $6.97 during midday trading on Tuesday, hitting $117.39. The company had a trading volume of 3,027,045 shares, compared to its average volume of 2,624,721. The firm has a fifty day simple moving average of $111.91 and a two-hundred day simple moving average of $111.57. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of -559.00, a P/E/G ratio of 3.82 and a beta of 1.30. 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 Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued 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. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. During the same period in the previous year, the company posted $0.80 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TWLO shares. KeyCorp initiated coverage on Twilio in a report on Friday, June 6th. They set an "overweight" rating and a $146.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Twilio in a research note on Friday, May 16th. Wells Fargo & Company dropped their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group set a $132.00 target price on shares of Twilio and gave the company a "hold" rating in a research note on Sunday, June 15th. Finally, Robert W. Baird decreased their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $126.39.

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director directly owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,924 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $112.75, for a total value of $216,931.00. Following the completion of the sale, the chief financial officer owned 165,982 shares in the company, valued at approximately $18,714,470.50. This represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,304 shares of company stock worth $2,841,735. Company insiders own 4.50% of the company's stock.

Twilio 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.