Lecap Asset Management Ltd. Makes New Investment in Twilio Inc. (NYSE:TWLO)

Lecap Asset Management Ltd. purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,262 shares of the technology company's stock, valued at approximately $2,296,000. Twilio makes up approximately 0.8% of Lecap Asset Management Ltd.'s holdings, making the stock its 19th biggest holding.

A number of other hedge funds have also made changes to their positions in the stock. Truvestments Capital LLC boosted its holdings in Twilio by 123.5% in the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock worth $26,000 after purchasing an additional 247 shares during the period. RVW Wealth LLC acquired a new position in Twilio in the third quarter worth $30,000. Optimum Investment Advisors boosted its holdings in Twilio by 68.3% in the third quarter. Optimum Investment Advisors now owns 505 shares of the technology company's stock worth $30,000 after purchasing an additional 205 shares during the period. Covestor Ltd boosted its holdings in Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company's stock worth $35,000 after purchasing an additional 172 shares during the period. Finally, Quarry LP boosted its holdings in Twilio by 328.2% in the second quarter. Quarry LP now owns 561 shares of the technology company's stock worth $36,000 after purchasing an additional 430 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on TWLO. Piper Sandler raised shares of Twilio from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $75.00 to $82.00 in a report on Friday, January 12th. Northland Securities downgraded shares of Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 price objective for the company. in a report on Thursday, February 15th. Jefferies Financial Group cut their target price on Twilio from $65.00 to $60.00 and set a "hold" rating on the stock in a research note on Wednesday, March 6th. Royal Bank of Canada reiterated an "underperform" rating and issued a $50.00 target price on shares of Twilio in a research note on Wednesday, March 6th. Finally, TD Cowen cut their target price on Twilio from $72.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $68.90.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares of the company's stock, valued at $10,529,034.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Dana Wagner sold 841 shares of Twilio stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $61.43, for a total value of $51,662.63. Following the transaction, the insider now owns 166,773 shares of the company's stock, valued at approximately $10,244,865.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at approximately $10,529,034.01. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock valued at $1,910,447 over the last three months. Company insiders own 4.20% of the company's stock.

Twilio Stock Performance

Shares of NYSE TWLO traded down $0.48 during midday trading on Friday, reaching $60.85. 2,192,116 shares of the company traded hands, compared to its average volume of 2,580,178. The stock has a 50-day moving average price of $61.88 and a 200 day moving average price of $63.90. The company has a market cap of $11.02 billion, a price-to-earnings ratio of -10.98 and a beta of 1.35. Twilio Inc. has a 52 week low of $45.02 and a 52 week high of $78.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. Sell-side analysts anticipate that Twilio Inc. will post -0.24 earnings per share for the current fiscal year.

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.