Twilio Inc. (NYSE:TWLO) Holdings Increased by Focus Partners Wealth

Focus Partners Wealth increased its position in Twilio Inc. (NYSE:TWLO - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,902 shares of the technology company's stock after buying an additional 2,242 shares during the period. Focus Partners Wealth's holdings in Twilio were worth $7,236,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TWLO. Arrowstreet Capital Limited Partnership raised its position in shares of Twilio by 718.7% in 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 buying an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Twilio in the fourth quarter valued at approximately $301,258,000. Norges Bank acquired a new position in shares of Twilio in the fourth quarter valued at approximately $222,146,000. Altimeter Capital Management LP acquired a new position in shares of Twilio in the fourth quarter valued at approximately $63,001,000. Finally, Renaissance Technologies LLC acquired a new position in Twilio during the fourth quarter worth approximately $62,999,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Up 1.7%

TWLO traded up $1.96 during trading hours on Friday, reaching $116.19. 3,345,868 shares of the stock traded hands, compared to its average volume of 2,669,592. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $17.73 billion, a price-to-earnings ratio of -181.54, a PEG ratio of 4.30 and a beta of 1.44. The firm's fifty day simple moving average is $96.78 and its two-hundred day simple moving average is $107.51.

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

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,751 shares of company stock worth $4,476,830 in the last ninety days. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird cut their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Barclays increased their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Monness Crespi & Hardt increased their price target 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, UBS Group cut their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.