Los Angeles Capital Management LLC Acquires Shares of 26,581 Twilio Inc. (NYSE:TWLO)

Los Angeles Capital Management LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,581 shares of the technology company's stock, valued at approximately $2,017,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased 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 purchasing an additional 445,877 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings 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 valued at $359,118,000 after buying an additional 111,093 shares during the last quarter. Northern Trust Corp increased its holdings in Twilio by 3.2% during the 3rd 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. raised its position in Twilio by 73.9% in the 3rd 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. lifted its position in shares of 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 purchasing an additional 113,042 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Stock Performance

NYSE TWLO traded down $4.75 during mid-day trading on Wednesday, reaching $58.62. 8,829,248 shares of the stock were exchanged, compared to its average volume of 3,228,315. The company has a market capitalization of $10.67 billion, a P/E ratio of -10.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The business's 50 day moving average is $60.72 and its 200-day moving average is $64.38. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $78.16.

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 during the quarter, compared to analysts' expectations of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. On average, equities research analysts forecast that Twilio Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 841 shares of Twilio stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $61.43, for a total transaction of $51,662.63. Following the sale, 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 filing with the SEC, which is available at the SEC website. In other news, CFO Aidan Viggiano sold 1,200 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $66,852.00. Following the completion of the sale, the chief financial officer now owns 241,044 shares in the company, valued at approximately $13,428,561.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 841 shares of the firm's 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 sale, the insider now directly owns 166,773 shares of the company's stock, valued at $10,244,865.39. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock worth $1,910,447 in the last 90 days. Insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TWLO. Northland Securities downgraded shares of Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 price target on the stock. in a report on Thursday, February 15th. Piper Sandler increased their target price on Twilio from $78.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday. Royal Bank of Canada restated an "underperform" rating and issued a $50.00 price objective on shares of Twilio in a report on Wednesday, March 6th. Jefferies Financial Group reduced 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. Finally, Barclays increased their target price on shares of Twilio from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $68.59.

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.