Two Sigma Advisers LP Buys 816,197 Shares of Twilio Inc. (NYSE:TWLO)

Two Sigma Advisers LP increased its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 683.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 935,697 shares of the technology company's stock after acquiring an additional 816,197 shares during the period. Two Sigma Advisers LP owned about 0.61% of Twilio worth $101,130,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TWLO. Assenagon Asset Management S.A. grew its stake in shares of Twilio by 72.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 13,266 shares of the technology company's stock worth $1,434,000 after acquiring an additional 5,572 shares during the period. Ritholtz Wealth Management bought a new position in Twilio in the 4th quarter worth about $344,000. Merit Financial Group LLC bought a new position in Twilio in the 4th quarter worth about $374,000. HB Wealth Management LLC bought a new stake in shares of Twilio during the 4th quarter worth $216,000. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Twilio during the 4th quarter worth $1,044,000. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

Shares of NYSE TWLO traded down $2.17 during mid-day trading on Friday, reaching $113.71. The company's stock had a trading volume of 1,957,920 shares, compared to its average volume of 2,680,002. The firm has a market capitalization of $17.36 billion, a PE ratio of -177.67, a P/E/G 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 stock has a fifty day moving average of $98.42 and a two-hundred day moving average of $108.65. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95.

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

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,924 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total transaction of $216,931.00. Following the sale, the chief financial officer now directly owns 165,982 shares of the company's stock, valued at $18,714,470.50. The trade was a 1.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $25,704,758.29. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,784 shares of company stock worth $4,226,942. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on TWLO shares. Wall Street Zen upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. Robert W. Baird cut their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Royal Bank of Canada reiterated an "underperform" rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. William Blair reissued an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Finally, The Goldman Sachs Group upped their price objective on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One equities 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Twilio has an average rating of "Moderate Buy" and an average target price of $124.41.

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.