Nkcfo LLC Buys Shares of 6,000 Twilio Inc. (NYSE:TWLO)

Key Points

• Nkcfo LLC has acquired a new position in Twilio Inc. worth approximately $587,000, purchasing 6,000 shares in the first quarter.
• A significant number of institutional investors have increased their stakes in Twilio, with Arrowstreet Capital raising its holdings by 718.7% in the last quarter.
• Despite fluctuations in target price ratings from various brokerages, Twilio has received a consensus rating of "Moderate Buy" with a price target of $127.22.

Nkcfo LLC bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,000 shares of the technology company's stock, valued at approximately $587,000.

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

Twilio Price Performance

Shares of TWLO stock traded down $1.46 during trading hours on Tuesday, hitting $130.05. 2,070,444 shares of the company's stock were exchanged, compared to its average volume of 2,866,839. The company has a market capitalization of $19.85 billion, a PE ratio of -619.28, a PEG ratio of 4.08 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 business's 50 day simple moving average is $120.58 and its 200-day simple moving average is $113.61. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share 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 business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TWLO. Tigress Financial reissued a "buy" rating and issued a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Twilio in a research report on Friday, May 16th. Wells Fargo & Company dropped their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler lifted their price target on shares of Twilio from $121.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, KeyCorp began coverage on shares of Twilio in a research report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $127.22.

Insider Activity

In related news, CEO Khozema Shipchandler sold 13,595 shares of the company's 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 transaction, the chief executive officer owned 246,986 shares in the company, valued at $28,912,181.16. The trade was a 5.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the transaction, the chief financial officer owned 147,823 shares in the company, valued at approximately $17,302,682.15. The trade was 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. Corporate 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.