Invesco Ltd. Acquires 139,384 Shares of Twilio Inc. (NYSE:TWLO)

Invesco Ltd. lifted its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 38.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501,326 shares of the technology company's stock after buying an additional 139,384 shares during the period. Invesco Ltd. owned about 0.33% of Twilio worth $54,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TWLO. JFS Wealth Advisors LLC boosted its stake in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in Twilio in the fourth quarter valued at about $44,000. Private Trust Co. NA grew its stake in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after buying an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Twilio during the fourth quarter worth approximately $75,000. Institutional investors own 84.27% of the company's stock.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 12,056 shares of the firm's 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 transaction, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares of the company's stock, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by corporate insiders.

Twilio Trading Down 3.9 %

Twilio stock traded down $3.27 during mid-day trading on Monday, hitting $81.70. 155,598 shares of the company's stock were exchanged, compared to its average volume of 2,630,668. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. 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 firm has a market capitalization of $12.47 billion, a P/E ratio of -127.66, a PEG ratio of 4.30 and a beta of 1.50. The company's 50 day simple moving average is $103.89 and its 200-day simple moving average is $103.73.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group boosted their target price on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Tigress Financial boosted their price objective on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. Oppenheimer upped their price target on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, StockNews.com cut shares of Twilio from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $132.13.

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.