QRG Capital Management Inc. Increases Stock Position in Twilio Inc. (NYSE:TWLO)

QRG Capital Management Inc. grew its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 198.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,077 shares of the technology company's stock after acquiring 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 hedge funds have also recently made changes to their positions in the company. M&T Bank Corp lifted its holdings in Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after purchasing an additional 85 shares in the last quarter. Allworth Financial LP raised 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 valued at $165,000 after buying an additional 94 shares during the last quarter. Freestone Capital Holdings LLC raised its position in shares of Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after buying an additional 124 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Twilio by 3.4% in the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock worth $439,000 after buying an additional 135 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Twilio by 6.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock worth $239,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TWLO. Jefferies Financial Group set a $132.00 price target on shares of Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. Scotiabank boosted their target price on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Mizuho reduced their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Piper Sandler upped their price objective on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.39.

Twilio Trading Down 1.5%

Shares of NYSE:TWLO traded down $1.80 during trading hours on Wednesday, hitting $119.82. 1,353,915 shares of the company's stock traded hands, compared to its average volume of 2,623,156. The firm has a market capitalization of $18.29 billion, a P/E ratio of 109.57, a price-to-earnings-growth ratio of 3.78 and a beta of 1.30. The business has a fifty day moving average price of $108.87 and a 200-day moving average price of $111.29. Twilio Inc. has a 1 year low of $55.00 and a 1 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 posted its quarterly earnings data 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 positive return on equity of 2.25% and a negative net margin of 0.74%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the business earned $0.80 EPS. Twilio's revenue was up 12.0% compared to the same quarter last year. Equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 14,545 shares of Twilio stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the sale, the chief executive officer now directly owns 280,589 shares of the company's stock, valued at $25,704,758.29. The trade was a 4.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the company'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 completion of the sale, the director now owns 33,488 shares of the company's stock, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock valued at $4,719,065 in the last 90 days. Company 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.