Zacks Investment Management Has $17.45 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

Zacks Investment Management increased its position in shares of Twilio Inc. (NYSE:TWLO) by 211.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 161,472 shares of the technology company’s stock after buying an additional 109,556 shares during the quarter. Zacks Investment Management owned about 0.11% of Twilio worth $17,452,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new stake in Twilio during the 4th quarter worth approximately $344,000. Bleakley Financial Group LLC bought a new stake in Twilio during the fourth quarter worth $230,000. Aigen Investment Management LP raised its position in Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock valued at $1,248,000 after buying an additional 5,188 shares during the last quarter. Highland Capital Management LLC purchased a new position in Twilio during the 4th quarter worth $912,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Twilio in the 4th quarter worth $860,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TWLO shares. Morgan Stanley dropped their price target on Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. UBS Group raised their target price on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.13.

Twilio Trading Down 3.0 %

NYSE TWLO opened at $85.69 on Thursday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $106.25 and its two-hundred day simple moving average is $102.94. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of -133.89, a PEG ratio of 4.30 and a beta of 1.50.

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 positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Research analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The transaction 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 Twilio stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 23,471 shares of company stock valued at $2,344,149. Insiders own 4.50% of the company’s stock.

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.