Two Sigma Investments LP Increases Position in Twilio Inc. (NYSE:TWLO)

Two Sigma Investments LP boosted its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 1,292.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,129,725 shares of the technology company's stock after buying 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.

Several other large investors have also bought and sold shares of the business. Texas Bank & Trust Co acquired a new stake in Twilio in the fourth quarter valued at about $243,000. Tidal Investments LLC increased its holdings in shares of Twilio by 85.3% during the fourth quarter. Tidal Investments LLC now owns 32,730 shares of the technology company's stock worth $3,537,000 after buying an additional 15,064 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Twilio by 341.8% during the fourth quarter. Toronto Dominion Bank now owns 91,834 shares of the technology company's stock worth $9,925,000 after buying an additional 71,047 shares in the last quarter. Redwood Investment Management LLC acquired a new position in shares of Twilio during the fourth quarter worth $1,436,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Twilio by 52.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,494 shares of the technology company's stock worth $1,675,000 after buying an additional 5,306 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TWLO has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. The Goldman Sachs Group lifted their target price on shares of Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Scotiabank lifted their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and lifted their target price for the stock from $77.00 to $99.00 in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $124.41.

Insider Activity

In related news, CFO Aidan Viggiano sold 8,735 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $800,213.35. Following the completion of the sale, the chief financial officer now directly owns 167,905 shares of the company's stock, valued at approximately $15,381,777.05. This represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,784 shares of company stock worth $4,226,942 over the last three months. 0.21% of the stock is currently owned by insiders.

Twilio Trading Down 1.9%

Shares of TWLO stock traded down $2.17 during trading hours on Friday, hitting $113.71. 1,957,920 shares of the company were exchanged, compared to its average volume of 2,680,002. The company has a 50 day simple moving average of $98.42 and a two-hundred day simple moving average of $108.65. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market cap of $17.36 billion, a P/E ratio of -177.67, a P/E/G ratio of 4.30 and a beta of 1.44.

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

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.