Arrowstreet Capital Limited Partnership Buys 2,864,235 Shares of Twilio Inc. (NYSE:TWLO)

Arrowstreet Capital Limited Partnership raised its stake in Twilio Inc. (NYSE:TWLO) by 718.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,262,765 shares of the technology company’s stock after purchasing an additional 2,864,235 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 2.13% of Twilio worth $352,640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TWLO. True Wealth Design LLC raised its holdings in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the period. JFS Wealth Advisors LLC raised its stake in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of 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 buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of Twilio during the 4th quarter worth approximately $44,000. Finally, Brooklyn Investment Group acquired a new position in shares of Twilio during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Trading Down 2.9 %

NYSE TWLO opened at $98.86 on Friday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $15.09 billion, a PE ratio of -154.47, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The business’s 50-day moving average price is $120.55 and its two-hundred day moving average price is $100.67.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock worth $2,441,324 over the last quarter. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TWLO. Stifel Nicolaus raised their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Oppenheimer upped their target price on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Mizuho lifted their price target on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. Finally, Barclays boosted their target price on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.35.

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.