Toronto Dominion Bank Grows Stock Holdings in Twilio Inc. (NYSE:TWLO)

Toronto Dominion Bank boosted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 341.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,834 shares of the technology company's stock after acquiring an additional 71,047 shares during the period. Toronto Dominion Bank owned 0.06% of Twilio worth $9,925,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TWLO. Arrowstreet Capital Limited Partnership raised its position in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Twilio during the 4th quarter valued at about $301,258,000. Norges Bank purchased a new position in Twilio in the fourth quarter worth about $222,146,000. Northern Trust Corp lifted its stake in shares of Twilio by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock worth $119,855,000 after buying an additional 96,010 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock worth $109,056,000 after buying an additional 99,786 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

TWLO traded down $2.17 during midday trading on Friday, reaching $113.71. The company had a trading volume of 1,957,920 shares, compared to its average volume of 2,680,001. The business has a 50-day moving average of $98.13 and a two-hundred day moving average of $108.48. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a market cap of $17.36 billion, a P/E ratio of -177.67, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the business earned $0.80 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 8,735 shares of Twilio stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $800,213.35. Following the sale, the chief financial officer now directly owns 167,905 shares in the company, valued at approximately $15,381,777.05. The trade was a 4.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the business's 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 owns 280,589 shares in the company, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,784 shares of company stock valued at $4,226,942. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Monness Crespi & Hardt upped their price objective on Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Tigress Financial reaffirmed a "buy" rating and set a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. Royal Bank of Canada reiterated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. The Goldman Sachs Group boosted their target price on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley dropped their price target 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and an average target price of $124.41.

Twilio Company 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.