Napa Wealth Management Takes Position in Twilio Inc. (NYSE:TWLO)

Napa Wealth Management bought a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,471 shares of the technology company's stock, valued at approximately $1,024,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TWLO. Arrowstreet Capital Limited Partnership lifted its holdings 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 shares of Twilio during the 4th quarter worth $301,258,000. Norges Bank acquired a new position in shares of Twilio during the 4th quarter worth $222,146,000. Altimeter Capital Management LP acquired a new position in shares of Twilio during the 4th quarter worth $63,001,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Twilio during the 4th quarter worth $62,999,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Up 1.7%

NYSE:TWLO traded up $1.96 on Friday, reaching $116.19. The stock had a trading volume of 3,345,868 shares, compared to its average volume of 2,669,592. The company has a 50-day moving average of $96.46 and a 200 day moving average of $107.20. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $17.73 billion, a P/E ratio of -181.54, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

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

Wall Street Analysts Forecast Growth

TWLO has been the subject of several research reports. Wells Fargo & Company cut their price target on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. William Blair reaffirmed an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and lifted their price target for the company from $77.00 to $99.00 in a report on Monday, May 5th. Finally, The Goldman Sachs Group raised 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction dated Monday, March 31st. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares in the company, 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 quarter, insiders sold 23,471 shares of company stock worth $2,344,149. Insiders own 0.21% of the company's stock.

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.