Worldquant Millennium Advisors LLC Acquires 254,278 Shares of Twilio Inc. (NYSE:TWLO)

Worldquant Millennium Advisors LLC lifted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1,886.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 267,758 shares of the technology company's stock after purchasing an additional 254,278 shares during the period. Worldquant Millennium Advisors LLC owned 0.17% of Twilio worth $28,939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after purchasing an additional 85 shares during the period. Allworth Financial LP raised its position in Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock worth $165,000 after acquiring an additional 94 shares during the period. GHP Investment Advisors Inc. raised its position in Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock worth $120,000 after acquiring an additional 104 shares during the period. Freestone Capital Holdings LLC boosted its stake in Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after acquiring an additional 124 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Twilio by 3.4% in the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock worth $439,000 after purchasing an additional 135 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TWLO shares. Scotiabank increased their price objective on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and increased their price target for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. Wall Street Zen upgraded Twilio from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. Stifel Nicolaus increased their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Finally, Piper Sandler boosted their price target on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.41.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 14,545 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the completion of the sale, the chief executive officer now owns 280,589 shares in the company, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,924 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $112.75, for a total value of $216,931.00. Following the sale, the chief financial officer now directly owns 165,982 shares of the company's stock, valued at approximately $18,714,470.50. This trade represents a 1.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,784 shares of company stock valued at $4,226,942. Corporate insiders own 0.21% of the company's stock.

Twilio Price Performance

TWLO traded down $2.17 during trading on Monday, reaching $113.71. The stock had a trading volume of 1,957,920 shares, compared to its average volume of 2,684,779. The business has a 50-day moving average of $98.42 and a 200-day moving average of $108.89. Twilio Inc. has a one year low of $52.51 and a one year 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 stock has a market cap of $17.36 billion, a PE ratio of -177.67, a PEG ratio of 4.30 and a beta of 1.44.

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