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

Candriam S.C.A. grew its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 35.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,917 shares of the technology company's stock after acquiring an additional 44,890 shares during the quarter. Candriam S.C.A. owned 0.11% of Twilio worth $18,581,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. New York State Teachers Retirement System grew its holdings in shares of Twilio by 44.3% during the third quarter. New York State Teachers Retirement System now owns 16,017 shares of the technology company's stock worth $1,045,000 after buying an additional 4,916 shares in the last quarter. US Bancorp DE boosted its position in Twilio by 4.7% during the third quarter. US Bancorp DE now owns 4,787 shares of the technology company's stock valued at $312,000 after purchasing an additional 217 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Twilio by 56.1% during the third quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company's stock valued at $1,987,000 after purchasing an additional 10,954 shares during the last quarter. Van ECK Associates Corp boosted its position in Twilio by 6.0% during the third quarter. Van ECK Associates Corp now owns 4,949 shares of the technology company's stock valued at $349,000 after purchasing an additional 282 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Twilio during the third quarter valued at approximately $294,000. 84.27% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently issued reports on TWLO shares. Stifel Nicolaus raised their price objective on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, February 14th. StockNews.com cut Twilio from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Monness Crespi & Hardt raised their price objective on Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Needham & Company LLC raised their price objective on Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Twilio has a consensus rating of "Moderate Buy" and an average price target of $134.26.

Twilio Trading Down 2.5 %

Shares of NYSE:TWLO traded down $2.73 during midday trading on Friday, reaching $106.08. The company's stock had a trading volume of 5,235,260 shares, compared to its average volume of 3,765,060. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of -165.75, a PEG ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a 50 day moving average price of $123.26 and a two-hundred day moving average price of $96.66. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $0.22 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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the business's 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 completion of the sale, the chief financial officer now directly owns 153,910 shares of the company's stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 in the last three months. 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.