Two Sigma Investments LP Purchases 1,048,619 Shares of Twilio Inc. (NYSE:TWLO)

Two Sigma Investments LP boosted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 1,292.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,129,725 shares of the technology company's stock after purchasing an additional 1,048,619 shares during the quarter. Two Sigma Investments LP owned approximately 0.74% of Twilio worth $122,101,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new position in Twilio in the fourth quarter worth about $344,000. Bleakley Financial Group LLC bought a new position in Twilio in the fourth quarter worth about $230,000. Aigen Investment Management LP raised its holdings in Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after purchasing an additional 5,188 shares in the last quarter. Highland Capital Management LLC bought a new position in Twilio in the fourth quarter worth about $912,000. Finally, Moloney Securities Asset Management LLC bought a new position in Twilio in the fourth quarter worth about $860,000. 84.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Khozema Shipchandler sold 14,545 shares of the stock in a transaction that occurred 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 in the company, valued at $25,704,758.29. This trade represents a 4.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction that occurred 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 owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,751 shares of company stock worth $4,476,830 in the last quarter. Corporate insiders own 0.21% of the company's stock.

Twilio Trading Up 1.7%

Twilio stock opened at $116.19 on Monday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock's 50 day simple moving average is $96.78 and its two-hundred day simple moving average is $107.96. The firm has a market cap of $17.73 billion, a PE ratio of -181.54, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The business's quarterly revenue was up 12.0% compared to the same quarter last year. Analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TWLO. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Jefferies Financial Group cut their price objective on shares of Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Morgan Stanley cut their price objective 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. Tigress Financial restated a "buy" rating and set a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Finally, HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and upped their price objective for the company from $77.00 to $99.00 in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $124.41.

About Twilio

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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