Chevy Chase Trust Holdings LLC Invests $294,000 in Twilio Inc. (NYSE:TWLO)

Chevy Chase Trust Holdings LLC bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,718 shares of the technology company's stock, valued at approximately $294,000.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. increased its position in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock worth $120,000 after purchasing an additional 104 shares in the last quarter. Tidal Investments LLC grew its stake in Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock worth $1,152,000 after buying an additional 112 shares during the last quarter. Covestor Ltd increased its holdings in shares of Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company's stock worth $67,000 after buying an additional 148 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock valued at $92,000 after acquiring an additional 170 shares during the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company's stock worth $478,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 3.3 %

Shares of Twilio stock traded down $3.84 during trading on Friday, reaching $114.16. 3,304,547 shares of the company were exchanged, compared to its average volume of 3,992,841. The business has a 50-day moving average price of $122.06 and a 200-day moving average price of $91.96. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of -178.37, a P/E/G ratio of 4.54 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its 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 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%. Sell-side analysts anticipate that Twilio Inc. will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on Twilio from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. JPMorgan Chase & Co. raised their target price on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. TD Cowen upped their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. UBS Group raised their price objective on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $130.91.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares of the company's stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction, the chief executive officer now 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. Over the last 90 days, insiders sold 23,406 shares of company stock worth $2,656,889. 4.50% of the stock is currently owned by company insiders.

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.