13,290 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, HoldingsChannel reports. The firm acquired 13,290 shares of the technology company’s stock, valued at approximately $1,436,000.

Several other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after acquiring an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Twilio during the 4th quarter valued at $301,258,000. Norges Bank purchased a new stake in Twilio in the fourth quarter worth about $222,146,000. Northern Trust Corp increased its holdings in 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 buying an additional 96,010 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after purchasing an additional 99,786 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity

In related news, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TWLO. Wells Fargo & Company cut their price target on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Scotiabank upped their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a “sector outperform” rating in a report on Friday, May 2nd. Monness Crespi & Hardt lifted their price target on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. William Blair reiterated an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Finally, Robert W. Baird decreased their target price on Twilio from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.41.

Twilio Trading Down 0.2%

Shares of Twilio stock opened at $114.04 on Friday. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of -178.19, a PEG 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. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a 50 day moving average of $96.46 and a 200 day moving average of $107.20.

Twilio (NYSE:TWLO) last posted its earnings results 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 the consensus estimate of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. As a group, research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Twilio Company 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.