Candriam S.C.A. Raises Holdings in Twilio Inc. (NYSE:TWLO)

Candriam S.C.A. boosted its position in Twilio Inc. (NYSE:TWLO) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,917 shares of the technology company’s stock after purchasing an additional 44,890 shares during the quarter. Candriam S.C.A.’s holdings in Twilio were worth $18,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TWLO. FMR LLC lifted its stake in shares of Twilio by 0.8% in the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after purchasing an additional 33,824 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after purchasing an additional 99,786 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Twilio by 0.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after purchasing an additional 4,061 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents 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 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 over the last three months. 4.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TWLO. Piper Sandler reissued an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Needham & Company LLC upped their price objective on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Stifel Nicolaus raised their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Barclays increased their price target on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the company from $77.00 to $185.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Trading Down 7.0 %

NYSE:TWLO opened at $108.57 on Friday. The stock has a fifty day moving average price of $123.32 and a 200 day moving average price of $95.84. 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 12-month low of $52.51 and a 12-month high of $151.95. The firm has a market cap of $16.65 billion, a PE ratio of -169.63, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last posted its quarterly 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal 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.