Northern Trust Corp Increases Position in Twilio Inc. (NYSE:TWLO)

Northern Trust Corp lifted its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,108,945 shares of the technology company's stock after purchasing an additional 96,010 shares during the period. Northern Trust Corp owned 0.72% of Twilio worth $119,855,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research firms have weighed in on TWLO. Oppenheimer increased their price target on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Mizuho cut their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley decreased their price target 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. StockNews.com raised shares of Twilio from a "hold" rating to a "buy" rating in a research note on Friday. Finally, UBS Group reduced their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.21.

Twilio Stock Performance

TWLO traded down $2.11 during trading on Tuesday, hitting $100.94. 2,808,930 shares of the company traded hands, compared to its average volume of 2,702,499. The firm has a market cap of $15.41 billion, a P/E ratio of -157.72, 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. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The stock's fifty day moving average is $97.04 and its 200 day moving average is $105.59.

Twilio (NYSE:TWLO - Get Free Report) last posted 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. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. Twilio's revenue was up 12.0% on a year-over-year basis. As a group, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the chief executive officer now directly owns 295,134 shares in the company, 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 valued at $2,344,149 in the last 90 days. Insiders own 4.50% of the company's stock.

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.