Twilio Inc. (NYSE:TWLO) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL raised its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 173.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,073 shares of the technology company's stock after buying an additional 142,253 shares during the period. Blair William & Co. IL owned about 0.15% of Twilio worth $24,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new position in Twilio in the fourth quarter worth approximately $344,000. Bleakley Financial Group LLC purchased a new position in shares of Twilio during the fourth quarter valued at $230,000. Zacks Investment Management bought a new stake in shares of Twilio in the third quarter valued at 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 worth $1,248,000 after acquiring an additional 5,188 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position 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 valued at $2,820,000 after purchasing an additional 26,062 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt upped their price target on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Jefferies Financial Group lifted their price target on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Stifel Nicolaus lifted their target price on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $135.35.

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Twilio Stock Performance

NYSE TWLO traded up $0.36 on Tuesday, hitting $98.27. 369,781 shares of the company's stock traded hands, compared to its average volume of 3,283,706. The firm has a market capitalization of $15.00 billion, a PE ratio of -153.54, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The firm's 50-day moving average price is $120.28 and its two-hundred day moving average price is $101.24. 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 (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company 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%. As a group, analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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 approximately $17,476,480.50. This represents a 4.08 % 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, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company's stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. Corporate insiders own 4.50% of the company's stock.

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.