IFM Investors Pty Ltd Buys 2,936 Shares of Twilio Inc. (NYSE:TWLO)

IFM Investors Pty Ltd increased its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,627 shares of the technology company's stock after buying an additional 2,936 shares during the period. IFM Investors Pty Ltd's holdings in Twilio were worth $3,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. bought a new stake in shares of Twilio during the first quarter worth $37,000. CX Institutional acquired a new position in shares of Twilio during the first quarter worth $39,000. AdvisorNet Financial Inc lifted its holdings in shares of Twilio by 1,778.6% during the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock worth $52,000 after purchasing an additional 498 shares during the period. Generali Investments Management Co LLC acquired a new position in shares of Twilio during the first quarter worth $65,000. Finally, MV Capital Management Inc. lifted its holdings in shares of Twilio by 235.0% during the first quarter. MV Capital Management Inc. now owns 727 shares of the technology company's stock worth $71,000 after purchasing an additional 510 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director owned 33,488 shares of the company's stock, valued at $4,019,564.64. This represents a 10.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer directly owned 260,581 shares in the company, valued at $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,888 shares of company stock valued at $6,753,409 in the last quarter. Insiders own 0.21% of the company's stock.

Twilio Price Performance

NYSE TWLO traded down $0.22 on Wednesday, hitting $121.90. The stock had a trading volume of 1,614,536 shares, compared to its average volume of 2,633,172. Twilio Inc. has a 52-week low of $55.38 and a 52-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. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of -580.48, a price-to-earnings-growth ratio of 3.80 and a beta of 1.30. The firm has a 50-day moving average of $115.75 and a 200-day moving average of $112.10.

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. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Equities analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group upped their price objective on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Mizuho decreased their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC reissued a "buy" rating and set a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. Finally, UBS Group reduced their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.39.

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.