QRG Capital Management Inc. Acquires 5,368 Shares of Twilio Inc. (NYSE:TWLO)

QRG Capital Management Inc. increased its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 198.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,077 shares of the technology company's stock after buying an additional 5,368 shares during the period. QRG Capital Management Inc.'s holdings in Twilio were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after purchasing an additional 623 shares in the last quarter. Principal Securities Inc. increased its position in shares of Twilio by 133.1% during the fourth quarter. Principal Securities Inc. now owns 1,303 shares of the technology company's stock worth $141,000 after purchasing an additional 744 shares in the last quarter. Allworth Financial LP increased its position in shares of Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock worth $165,000 after purchasing an additional 94 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Twilio by 1,124.8% during the fourth quarter. Principal Financial Group Inc. now owns 142,602 shares of the technology company's stock worth $15,412,000 after purchasing an additional 130,959 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Twilio by 28.0% during the fourth quarter. Sanctuary Advisors LLC now owns 15,834 shares of the technology company's stock worth $1,711,000 after purchasing an additional 3,463 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the transaction, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the transaction, the director now owns 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 disclosure for this sale can be found here. Insiders have sold a total of 48,884 shares of company stock valued at $4,719,065 in the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Twilio Price Performance

NYSE:TWLO opened at $116.77 on Friday. Twilio Inc. has a one year low of $54.33 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. The firm has a market cap of $17.83 billion, a price-to-earnings ratio of -556.06, a PEG ratio of 3.62 and a beta of 1.30. The firm's fifty day moving average is $107.57 and its two-hundred day moving average is $111.18.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.80 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. Research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

TWLO has been the topic of a number of recent analyst reports. Tigress Financial reaffirmed a "buy" rating and set a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price target on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. Morgan Stanley dropped their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and boosted their price objective for the company from $77.00 to $99.00 in a report on Monday, May 5th. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $126.39.

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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