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

Worldquant Millennium Advisors LLC boosted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1,886.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,758 shares of the technology company's stock after buying an additional 254,278 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.17% of Twilio worth $28,939,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Whale Rock Capital Management LLC bought a new position in shares of Twilio in the fourth quarter valued at approximately $111,312,000. Woodline Partners LP purchased a new position in Twilio during the 4th quarter worth $393,000. Soviero Asset Management LP grew its stake in shares of Twilio by 30.2% in the 4th quarter. Soviero Asset Management LP now owns 56,000 shares of the technology company's stock worth $6,052,000 after acquiring an additional 13,000 shares in the last quarter. Twinbeech Capital LP grew its stake in shares of Twilio by 883.8% in the 4th quarter. Twinbeech Capital LP now owns 145,273 shares of the technology company's stock worth $15,701,000 after acquiring an additional 130,507 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Twilio by 683.0% in the fourth quarter. Two Sigma Advisers LP now owns 935,697 shares of the technology company's stock valued at $101,130,000 after purchasing an additional 816,197 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 14,545 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the transaction, the chief executive officer now owns 280,589 shares in the company, valued at approximately $25,704,758.29. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the chief financial officer now owns 165,982 shares of the company's stock, valued at approximately $18,714,470.50. The trade was a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,784 shares of company stock valued at $4,226,942 in the last three months. 0.21% of the stock is currently owned by company insiders.

Twilio Trading Down 1.9%

Shares of Twilio stock traded down $2.17 during trading on Friday, reaching $113.71. 1,957,920 shares of the stock were exchanged, compared to its average volume of 2,680,001. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The firm has a market cap of $17.36 billion, a price-to-earnings ratio of -177.67, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average is $98.13 and its 200 day moving average is $108.48.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The company had revenue of $1.17 billion during 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 firm's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. As a group, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

TWLO has been the topic of several analyst reports. Monness Crespi & Hardt boosted their price target on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Scotiabank increased their price target on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Robert W. Baird cut their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays lifted their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, UBS Group reduced their target price on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.