Andar Capital Management HK Ltd Buys Shares of 32,000 Twilio Inc. (NYSE:TWLO)

Andar Capital Management HK Ltd bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,000 shares of the technology company's stock, valued at approximately $2,428,000. Twilio makes up approximately 3.4% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 13th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC raised its stake in Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock worth $26,000 after buying an additional 247 shares during the period. Blue Trust Inc. lifted its holdings in shares of Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company's stock worth $46,000 after purchasing an additional 564 shares in the last quarter. Friedenthal Financial bought a new stake in Twilio during the 4th quarter valued at $46,000. Fifth Third Bancorp bought a new position in shares of Twilio in the fourth quarter valued at $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Twilio during the fourth quarter valued at about $57,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 3,375 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total value of $205,166.25. Following the completion of the sale, the chief financial officer now directly owns 231,036 shares in the company, valued at $14,044,678.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Twilio news, insider Dana Wagner sold 841 shares of the firm's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total value of $51,662.63. Following the completion of the sale, the insider now directly owns 166,773 shares of the company's stock, valued at approximately $10,244,865.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 3,375 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the sale, the chief financial officer now directly owns 231,036 shares of the company's stock, valued at approximately $14,044,678.44. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock valued at $1,910,447 over the last quarter. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TWLO has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $50.00 price target on shares of Twilio in a research report on Wednesday, March 6th. UBS Group lowered their target price on Twilio from $82.00 to $74.00 and set a "buy" rating on the stock in a research note on Wednesday, March 6th. StockNews.com downgraded Twilio from a "buy" rating to a "hold" rating in a research note on Wednesday, March 6th. The Goldman Sachs Group increased their price target on shares of Twilio from $69.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, March 6th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $75.00 target price on shares of Twilio in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Twilio has an average rating of "Hold" and a consensus target price of $68.90.

Twilio Price Performance

Shares of Twilio stock traded up $1.08 during trading hours on Wednesday, hitting $60.96. The company's stock had a trading volume of 2,013,844 shares, compared to its average volume of 3,180,599. The company has a market cap of $11.04 billion, a PE ratio of -11.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16. The business has a 50 day moving average price of $60.32 and a two-hundred day moving average price of $64.14.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Analysts expect that Twilio Inc. will post -0.11 earnings per share 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.