Twilio Inc. $TWLO Stock Bought by Aberdeen Group plc

Key Points

• Aberdeen Group increased its Twilio stake by 421.5% in the third quarter, adding 443,443 shares to hold 548,659 shares valued at about $160.5 million.
• Twilio beat quarterly earnings and revenue estimates, reporting $1.65 per share and $1.56 billion in revenue; revenue rose 19.9% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $269.48. Twilio’s CEO and CFO also reported stock sales, including transactions under a pre-arranged trading plan and to cover tax withholding, respectively.

Aberdeen Group plc increased its position in Twilio Inc. (NYSE:TWLO - Free Report) by 421.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 548,659 shares of the technology company's stock after buying an additional 443,443 shares during the quarter. Aberdeen Group plc owned about 0.36% of Twilio worth $160,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TWLO. Quantinno Capital Management LP raised its holdings in Twilio by 137.9% in the first quarter. Quantinno Capital Management LP now owns 648,882 shares of the technology company's stock valued at $81,642,000 after buying an additional 376,142 shares during the period. Royal Bank of Canada grew its stake in Twilio by 10.8% during the first quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company's stock worth $410,330,000 after buying an additional 316,858 shares during the period. National Pension Service grew its stake in Twilio by 1,177.6% during the second quarter. National Pension Service now owns 261,307 shares of the technology company's stock worth $53,915,000 after buying an additional 240,854 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Twilio by 89.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 483,611 shares of the technology company's stock worth $63,092,000 after acquiring an additional 228,840 shares in the last quarter. Finally, Artemis Investment Management LLP increased its position in shares of Twilio by 58.9% in the third quarter. Artemis Investment Management LLP now owns 588,018 shares of the technology company's stock worth $171,972,000 after acquiring an additional 217,952 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 14,442 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $291.03, for a total transaction of $4,203,055.26. Following the sale, the chief executive officer directly owned 178,863 shares of the company's stock, valued at approximately $52,054,498.89. This represents a 7.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aidan Viggiano sold 9,084 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the completion of the transaction, the chief financial officer owned 99,246 shares in the company, valued at approximately $29,242,833.90. The trade was a 8.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 38,818 shares of company stock worth $11,293,645 over the last 90 days. 0.21% of the stock is currently owned by company insiders.

Twilio Stock Down 0.5%

Shares of NYSE:TWLO opened at $211.23 on Friday. The firm has a market cap of $32.68 billion, a PE ratio of 72.68, a price-to-earnings-growth ratio of 4.12 and a beta of 1.49. The company has a fifty day simple moving average of $252.39 and a 200 day simple moving average of $192.39. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 12-month low of $105.00 and a 12-month high of $308.40.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The technology company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.18. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Twilio had a net margin of 21.82% and a return on equity of 5.58%. The firm's revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. On average, equities research analysts anticipate that Twilio Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TWLO. Wolfe Research raised Twilio to a "buy" rating in a research report on Friday, August 7th. Jefferies Financial Group reiterated a "buy" rating and set a $240.00 price objective on shares of Twilio in a research note on Friday, August 7th. Rosenblatt Securities boosted their target price on shares of Twilio from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Morgan Stanley restated an "overweight" rating and issued a $261.00 target price (up from $200.00) on shares of Twilio in a research note on Friday, August 7th. Finally, Wells Fargo & Company raised their price target on shares of Twilio from $275.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $269.48.

About Twilio

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.

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