Frontier Capital Management Co. LLC Has $88.61 Million Holdings in Twilio Inc. (NYSE:TWLO)

Frontier Capital Management Co. LLC raised its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 92.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 819,896 shares of the technology company's stock after buying an additional 393,348 shares during the quarter. Twilio comprises 0.8% of Frontier Capital Management Co. LLC's portfolio, making the stock its 21st largest position. Frontier Capital Management Co. LLC owned approximately 0.53% of Twilio worth $88,614,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after acquiring an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in Twilio during the 4th quarter valued at approximately $301,258,000. Norges Bank bought a new position in Twilio during the 4th quarter worth $222,146,000. Northern Trust Corp increased its position in Twilio by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock worth $119,855,000 after buying an additional 96,010 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after buying an additional 99,786 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, 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 have sold 23,471 shares of company stock worth $2,344,149 over the last 90 days. Corporate insiders own 0.21% of the company's stock.

Twilio Stock Performance

Twilio stock traded up $0.48 on Friday, reaching $105.71. 1,665,063 shares of the stock were exchanged, compared to its average volume of 2,666,200. The stock has a market cap of $16.13 billion, a PE ratio of -165.17, a PEG ratio of 4.30 and a beta of 1.44. The firm has a fifty day moving average price of $95.98 and a two-hundred day moving average price of $106.27. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. 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 (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating 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 company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the business earned $0.80 earnings per share. Twilio's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

TWLO has been the subject of several recent research reports. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. Scotiabank lifted their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Needham & Company LLC dropped their target price on Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley decreased their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and an average price target of $124.41.

Twilio Company 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.