Twilio Inc. (NYSE:TWLO) Shares Acquired by Prudential PLC

Prudential PLC boosted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 57.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,195 shares of the technology company’s stock after acquiring an additional 7,719 shares during the quarter. Prudential PLC’s holdings in Twilio were worth $2,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ritholtz Wealth Management acquired a new position in shares of Twilio in the fourth quarter valued at approximately $344,000. Bleakley Financial Group LLC purchased a new position in shares of Twilio in the 4th quarter valued at $230,000. Zacks Investment Management purchased a new position in shares of Twilio during the third quarter worth about $3,386,000. Aigen Investment Management LP lifted its stake in Twilio by 81.6% in the fourth 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. Finally, The Manufacturers Life Insurance Company boosted its stake in Twilio by 151.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company’s stock worth $2,820,000 after purchasing an additional 26,062 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several analyst reports. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Mizuho boosted their target price on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. UBS Group raised their price target on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction on Monday, March 31st. The shares were 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 directly owns 295,134 shares of the company’s stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction 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 trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by company insiders.

Twilio Price Performance

TWLO stock opened at $83.40 on Monday. The stock’s 50 day moving average price is $118.19 and its 200 day moving average price is $102.16. The firm has a market cap of $12.73 billion, a P/E ratio of -130.32, a PEG ratio of 4.30 and a beta of 1.50. 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 1 year low of $52.51 and a 1 year high of $151.95.

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

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.