Nisa Investment Advisors LLC Purchases 17,804 Shares of Twilio Inc. (NYSE:TWLO)

Nisa Investment Advisors LLC raised its position in Twilio Inc. (NYSE:TWLO - Free Report) by 73.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Concurrent Investment Advisors LLC raised its stake in shares of Twilio by 211.8% in the first quarter. Concurrent Investment Advisors LLC now owns 5,878 shares of the technology company's stock valued at $575,000 after purchasing an additional 3,993 shares in the last quarter. Horizon Financial Services LLC raised 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 valued at $240,000 after buying an additional 2,423 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in shares of Twilio by 53.7% during 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 during the period. QRG Capital Management Inc. lifted its holdings in shares of Twilio by 198.2% during 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 during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Twilio by 231.2% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 97,631 shares of the technology company's stock valued at $9,559,000 after acquiring an additional 68,149 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TWLO. Scotiabank increased their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Tigress Financial reissued a "buy" rating and issued a $170.00 target price on shares of Twilio in a report on Thursday, May 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. KeyCorp initiated coverage on Twilio in a research report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target on the stock. Finally, Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.39.

Twilio Trading Down 3.5%

Shares of TWLO opened at $113.20 on Friday. The stock's fifty day simple moving average is $116.40 and its 200-day simple moving average is $112.17. The firm has a market capitalization of $17.28 billion, a PE ratio of -539.05, a price-to-earnings-growth ratio of 3.52 and a beta of 1.30. Twilio Inc. has a 12-month low of $56.16 and a 12-month 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 released its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company posted $0.80 EPS. The company's revenue was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director directly owned 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 13,595 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the transaction, the chief executive officer directly owned 246,986 shares in the company, valued at $28,912,181.16. The trade was a 5.22% 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 worth $6,753,409. Insiders own 0.21% 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.

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