Vestmark Advisory Solutions Inc. Invests $9.79 Million in Twilio Inc. (NYSE:TWLO)

Vestmark Advisory Solutions Inc. purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 128,990 shares of the technology company's stock, valued at approximately $9,786,000. Vestmark Advisory Solutions Inc. owned 0.07% of Twilio at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. Vanguard Group Inc. raised its holdings in Twilio by 2.6% in the third quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company's stock valued at $1,028,245,000 after acquiring an additional 445,877 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Twilio by 1.8% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company's stock worth $359,118,000 after purchasing an additional 111,093 shares during the last quarter. Northern Trust Corp grew its stake in Twilio by 3.2% in the third quarter. Northern Trust Corp now owns 1,254,309 shares of the technology company's stock worth $73,415,000 after purchasing an additional 38,776 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Twilio by 73.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company's stock valued at $70,965,000 after buying an additional 515,068 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Twilio by 10.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company's stock valued at $69,372,000 after buying an additional 113,042 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Price Performance

Twilio stock traded up $0.37 during trading hours on Friday, hitting $61.89. 2,243,789 shares of the company traded hands, compared to its average volume of 2,052,078. Twilio Inc. has a 1-year low of $45.02 and a 1-year high of $78.16. The firm has a market cap of $11.20 billion, a P/E ratio of -11.17 and a beta of 1.33. The firm's 50-day simple moving average is $60.50 and its two-hundred day simple moving average is $64.25. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. As a group, analysts forecast that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 458 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the transaction, the insider now owns 171,744 shares in the company, valued at approximately $9,567,858.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Twilio news, insider Dana Wagner sold 458 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the transaction, the insider now owns 171,744 shares of the company's stock, valued at $9,567,858.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 10,961 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares of the company's stock, valued at $20,874,561.66. 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 90 days. 4.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TWLO. Jefferies Financial Group dropped their price target on Twilio from $65.00 to $60.00 and set a "hold" rating on the stock in a research report on Wednesday, March 6th. StockNews.com downgraded shares of Twilio from a "buy" rating to a "hold" rating in a research report on Wednesday, March 6th. 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 research report on Thursday, February 15th. Wells Fargo & Company dropped their price objective on shares of Twilio from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus decreased their target price on Twilio from $70.00 to $60.00 and set a "hold" rating for the company in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio has an average rating of "Hold" and a consensus target price of $68.90.

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.