Quantinno Capital Management LP Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

Quantinno Capital Management LP grew its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 121.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,926 shares of the technology company's stock after purchasing an additional 61,907 shares during the quarter. Quantinno Capital Management LP owned approximately 0.07% of Twilio worth $12,205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after acquiring an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Twilio during the fourth quarter valued at approximately $301,258,000. Norges Bank bought a new position in shares of Twilio during the fourth quarter valued at approximately $222,146,000. Northern Trust Corp raised its holdings in shares of Twilio by 9.5% during the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock valued at $119,855,000 after acquiring an additional 96,010 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Twilio by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after acquiring an additional 99,786 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 14,545 shares of Twilio stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,751 shares of company stock valued at $4,476,830. Insiders own 0.21% of the company's stock.

Twilio Stock Performance

Shares of Twilio stock traded up $1.96 during trading on Friday, hitting $116.19. 3,345,868 shares of the company's stock traded hands, compared to its average volume of 2,673,568. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The stock has a market capitalization of $17.73 billion, a P/E ratio of -181.54, a PEG ratio of 4.30 and a beta of 1.44. The business has a 50-day simple moving average of $96.78 and a 200-day simple moving average of $107.77.

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

Wall Street Analyst Weigh In

TWLO has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Mizuho decreased their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. StockNews.com upgraded Twilio from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and an average price target of $124.41.

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.