Nisa Investment Advisors LLC Grows Holdings in Twilio Inc. (NYSE:TWLO)

Nisa Investment Advisors LLC lifted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 73.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,004 shares of the technology company's stock after acquiring an additional 17,804 shares during the period. Nisa Investment Advisors LLC's holdings in Twilio were worth $4,113,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC raised its holdings in Twilio by 211.8% during the first quarter. Concurrent Investment Advisors LLC now owns 5,878 shares of the technology company's stock worth $575,000 after buying an additional 3,993 shares during the last quarter. Horizon Financial Services LLC grew its stake in shares of Twilio by 9,692.0% in the 1st quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company's stock worth $240,000 after acquiring an additional 2,423 shares in the last quarter. Alpha Cubed Investments LLC grew its stake in shares of Twilio by 53.7% in the 1st quarter. Alpha Cubed Investments LLC now owns 16,866 shares of the technology company's stock worth $1,651,000 after acquiring an additional 5,896 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Twilio in the 1st quarter worth $294,000. Finally, QRG Capital Management Inc. grew its stake in shares of Twilio by 198.2% in the 1st quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock worth $791,000 after acquiring an additional 5,368 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 20,008 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction 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 represents a 7.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erika Rottenberg sold 4,100 shares of the company'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 sale, the director directly owned 33,488 shares of the company's stock, valued at $4,019,564.64. The trade was a 10.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,888 shares of company stock valued at $6,753,409. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TWLO. Jefferies Financial Group set a $132.00 target price on shares of Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. Mizuho cut their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. JMP Securities restated a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and raised their target price for the company from $77.00 to $99.00 in a research note on Monday, May 5th. Finally, UBS Group decreased their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock 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 given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.22.

Twilio Stock Down 3.2%

Twilio stock traded down $3.98 during mid-day trading on Wednesday, reaching $122.18. The stock had a trading volume of 4,484,320 shares, compared to its average volume of 2,670,205. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of -581.80, a PEG ratio of 3.68 and a beta of 1.30. The company has a 50-day moving average price of $117.21 and a two-hundred day moving average price of $112.34. Twilio Inc. has a one year low of $56.16 and a one 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.

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

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.