Twinbeech Capital LP Acquires 130,507 Shares of Twilio Inc. (NYSE:TWLO)

Twinbeech Capital LP lifted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 883.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,273 shares of the technology company's stock after purchasing an additional 130,507 shares during the period. Twinbeech Capital LP owned 0.09% of Twilio worth $15,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TWLO. Arrowstreet Capital Limited Partnership boosted its holdings in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after acquiring an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in Twilio in the fourth quarter worth approximately $301,258,000. Norges Bank bought a new position in Twilio in the fourth quarter worth approximately $222,146,000. Two Sigma Investments LP boosted its holdings in Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after acquiring an additional 1,048,619 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Twilio by 683.0% in the fourth quarter. Two Sigma Advisers LP now owns 935,697 shares of the technology company's stock worth $101,130,000 after acquiring an additional 816,197 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Mizuho cut their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group increased their price target on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Monness Crespi & Hardt raised their target price on Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a report on Monday, January 27th. Scotiabank raised their target price on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Finally, UBS Group dropped their target price on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy 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 $124.41.

Twilio Stock Down 0.2%

Shares of NYSE:TWLO opened at $116.07 on Tuesday. The company has a market capitalization of $17.72 billion, a PE ratio of -181.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The business has a fifty day moving average price of $97.05 and a two-hundred day moving average price of $108.18. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95.

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

Insider Activity

In other news, CEO Khozema Shipchandler sold 14,545 shares of the company'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 transaction, the chief executive officer now owns 280,589 shares of the company's stock, valued at $25,704,758.29. This represents a 4.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,284 shares of company stock valued at $4,520,567 in the last 90 days. Insiders own 0.21% of the company's stock.

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.

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