Nebula Research & Development LLC Purchases 10,863 Shares of Twilio Inc. (NYSE:TWLO)

Nebula Research & Development LLC raised its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 69.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,550 shares of the technology company's stock after purchasing an additional 10,863 shares during the quarter. Nebula Research & Development LLC's holdings in Twilio were worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TWLO. Arrowstreet Capital Limited Partnership grew its position in Twilio by 718.7% during 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 buying an additional 2,864,235 shares during the period. Norges Bank bought a new position in Twilio during the fourth quarter valued at about $222,146,000. Bank of New York Mellon Corp grew its position in Twilio by 11.0% during 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 period. Capital World Investors grew its position in Twilio by 0.8% during the fourth quarter. Capital World Investors now owns 583,373 shares of the technology company's stock valued at $63,051,000 after buying an additional 4,491 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Twilio during the fourth quarter valued at about $62,999,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated 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 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. 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. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TWLO has been the subject of a number of research reports. Royal Bank of Canada reiterated an "underperform" rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. Mizuho cut their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. William Blair reiterated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Morgan Stanley cut their target price on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Oppenheimer raised their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One equities 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.65.

Twilio Trading Down 1.4 %

Shares of NYSE TWLO traded down $1.34 during mid-day trading on Wednesday, hitting $95.14. The stock had a trading volume of 1,701,661 shares, compared to its average volume of 3,097,326. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The business has a 50 day moving average price of $98.42 and a two-hundred day moving average price of $104.54. The firm has a market cap of $14.52 billion, a P/E ratio of -148.66, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last issued 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 firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. On average, equities analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.