Polar Capital Holdings Plc Purchases Shares of 563,929 Twilio Inc. (NYSE:TWLO)

Polar Capital Holdings Plc bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 563,929 shares of the technology company's stock, valued at approximately $60,949,000. Polar Capital Holdings Plc owned 0.37% of Twilio as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC boosted its stake in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Twilio in the fourth quarter valued at approximately $44,000. Private Trust Co. NA boosted its stake in 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 in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Twilio in the fourth quarter valued at approximately $75,000. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on 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 owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 8,735 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $800,213.35. Following the sale, the chief financial officer now owns 167,905 shares of the company's stock, valued at $15,381,777.05. This trade represents a 4.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,751 shares of company stock valued at $4,476,830 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Twilio Stock Up 1.7%

Shares of NYSE TWLO traded up $1.96 during midday trading on Friday, reaching $116.19. 3,345,868 shares of the company's stock were exchanged, compared to its average volume of 2,673,568. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock has a market capitalization of $17.73 billion, a PE ratio of -181.54, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business's fifty day moving average price is $96.78 and its two-hundred day moving average price is $107.77.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.22. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. Analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TWLO shares. Wells Fargo & Company lowered their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Twilio in a research note on Friday. Piper Sandler raised their target price on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Monness Crespi & Hardt lifted their price objective on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and lifted their price objective for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.41.

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.