Prudential PLC Increases Stock Position in Twilio Inc. (NYSE:TWLO)

Key Points

• Prudential PLC increased its stake in Twilio Inc. by 30.0% during the first quarter, bringing its total shares to 27,558 valued at approximately $2.7 million.
• Several institutional investors also adjusted their positions in Twilio, with 84.27% of the stock currently owned by hedge funds and other institutional investors.
• Twilio recently reported quarterly earnings of $1.19 EPS, exceeding analysts' expectations, with a revenue of $1.23 billion, a 13.5% increase year-over-year.

Prudential PLC raised its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 30.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,558 shares of the technology company's stock after purchasing an additional 6,363 shares during the period. Prudential PLC's holdings in Twilio were worth $2,698,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Brighton Jones LLC increased its position in Twilio by 6.6% in the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock valued at $1,086,000 after buying an additional 623 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Twilio by 101.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 46,993 shares of the technology company's stock worth $5,079,000 after buying an additional 23,608 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Twilio in the 4th quarter worth approximately $25,778,000. Sterling Capital Management LLC raised its holdings in shares of Twilio by 30.7% in the 4th quarter. Sterling Capital Management LLC now owns 7,778 shares of the technology company's stock worth $841,000 after purchasing an additional 1,826 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Twilio by 28.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,915 shares of the technology company's stock worth $1,504,000 after purchasing an additional 3,117 shares during the period. 84.27% of the stock is owned by institutional investors.

Twilio Stock Up 4.9%

Shares of TWLO traded up $4.94 on Friday, hitting $105.78. 10,050,820 shares of the stock traded hands, compared to its average volume of 4,061,799. The company has a market capitalization of $16.15 billion, a PE ratio of 881.57, a P/E/G ratio of 3.37 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.90. The business has a 50 day simple moving average of $119.85 and a 200 day simple moving average of $113.05. Twilio Inc. has a one year low of $56.85 and a one year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The firm's revenue was up 13.5% on a year-over-year basis. As a group, equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction on 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 sale, the director 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 13,595 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the sale, the chief executive officer directly owned 246,986 shares of the company's stock, valued at approximately $28,912,181.16. The trade was a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,964 shares of company stock valued at $6,536,478 in the last 90 days. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TWLO shares. Scotiabank lifted their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. UBS Group decreased their price target on shares of Twilio from $150.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, August 8th. KeyCorp initiated coverage on shares of Twilio in a research report on Friday, June 6th. They issued an "overweight" rating and a $146.00 target price for the company. 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. Finally, Robert W. Baird reduced their price target on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. One investment 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.74.

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.