Thoroughbred Financial Services LLC Has $1.32 Million Position in Twilio Inc. (NYSE:TWLO)

Key Points

• Thoroughbred Financial Services LLC has increased its holdings in Twilio Inc. by 118.0%, bringing its total investment to $1.32 million in the first quarter of the year.
• Over 84.27% of Twilio's stock is owned by institutional investors, indicating strong market confidence in the company's future.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Twilio, with an average target price set at $127.22.

Thoroughbred Financial Services LLC increased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 118.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,518 shares of the technology company's stock after buying an additional 7,318 shares during the quarter. Thoroughbred Financial Services LLC's holdings in Twilio were worth $1,323,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TWLO. Woodward Diversified Capital LLC boosted its holdings in Twilio by 1.5% during the first quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company's stock valued at $701,000 after purchasing an additional 103 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Twilio by 6.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock valued at $239,000 after acquiring an additional 140 shares during the last quarter. Signaturefd LLC raised its position in Twilio by 4.9% in the 1st quarter. Signaturefd LLC now owns 3,560 shares of the technology company's stock worth $349,000 after purchasing an additional 167 shares during the last quarter. Pallas Capital Advisors LLC raised its position in Twilio by 2.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 6,591 shares of the technology company's stock worth $645,000 after purchasing an additional 171 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Twilio by 9.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock worth $202,000 after purchasing an additional 174 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Performance

NYSE TWLO opened at $124.84 on Wednesday. The firm's fifty day moving average price is $121.96 and its two-hundred day moving average price is $114.25. The stock has a market cap of $19.06 billion, a PE ratio of -594.48, a PEG ratio of 3.79 and a beta of 1.23. Twilio Inc. has a fifty-two week low of $56.85 and a fifty-two week 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.

Insiders Place Their Bets

In related news, 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 value of $1,591,430.70. Following the sale, the chief executive officer owned 246,986 shares of the company's stock, valued at $28,912,181.16. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,888 shares of company stock valued at $6,753,409. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TWLO has been the subject of several recent research reports. Tigress Financial reiterated a "buy" rating and set a $170.00 target price on shares of Twilio in a research report on Thursday, May 8th. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. JMP Securities reiterated a "market outperform" rating and set a $165.00 target price on shares of Twilio in a report on Tuesday, April 29th. Robert W. Baird decreased their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley decreased their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and an average target price of $127.22.

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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