Twilio Inc. (NYSE:TWLO) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in Twilio Inc. (NYSE:TWLO) by 1,267.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454,435 shares of the technology company’s stock after purchasing an additional 421,199 shares during the period. Los Angeles Capital Management LLC’s holdings in Twilio were worth $49,115,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TWLO. Robeco Institutional Asset Management B.V. grew its stake in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after acquiring an additional 444,295 shares in the last quarter. KBC Group NV increased its position in shares of Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after acquiring an additional 258,469 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after acquiring an additional 193,971 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Twilio by 1,124.8% in the fourth quarter. Principal Financial Group Inc. now owns 142,602 shares of the technology company’s stock worth $15,412,000 after acquiring an additional 130,959 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the 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 sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,406 shares of company stock worth $2,656,889. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the topic of several analyst reports. Oppenheimer lifted their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Northland Securities lifted their target price on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Barclays raised their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Needham & Company LLC raised their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, TD Cowen raised their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Twilio currently has a consensus rating of “Moderate Buy” and an average target price of $132.74.

Twilio Stock Performance

Twilio stock opened at $117.90 on Tuesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a market cap of $18.08 billion, a PE ratio of -184.23, a PEG ratio of 4.30 and a beta of 1.42. The company’s 50-day moving average is $122.21 and its two-hundred day moving average is $93.21.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

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.