Arrowstreet Capital Limited Partnership Has $352.64 Million Position in Twilio Inc. (NYSE:TWLO)

Arrowstreet Capital Limited Partnership raised its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 718.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,262,765 shares of the technology company's stock after acquiring an additional 2,864,235 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 2.13% of Twilio worth $352,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz SE acquired a new position in Twilio in the fourth quarter valued at about $173,000. Allstate Corp acquired a new position in Twilio during the fourth quarter valued at approximately $496,000. DnB Asset Management AS increased its stake in Twilio by 0.6% in the fourth quarter. DnB Asset Management AS now owns 29,906 shares of the technology company's stock valued at $3,232,000 after purchasing an additional 182 shares in the last quarter. Level Four Advisory Services LLC boosted its position in shares of Twilio by 2.0% during the fourth quarter. Level Four Advisory Services LLC now owns 79,349 shares of the technology company's stock worth $8,576,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Twilio during the 4th quarter valued at about $222,146,000. Institutional investors own 84.27% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TWLO shares. Needham & Company LLC increased their target price on Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada restated an "underperform" rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. Jefferies Financial Group upped their target price on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company lifted their price target on Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $135.35.

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Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm'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 transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,857 shares of company stock valued at $4,318,654. 4.50% of the stock is owned by company insiders.

Twilio Stock Performance

Shares of TWLO stock traded down $9.15 during midday trading on Thursday, hitting $91.21. 1,639,609 shares of the company were exchanged, compared to its average volume of 2,617,990. The firm has a market capitalization of $13.92 billion, a P/E ratio of -142.52, 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 52 week low of $52.51 and a 52 week high of $151.95. The firm's 50 day moving average price is $119.72 and its two-hundred day moving average price is $101.51.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current 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.