Clayton Partners LLC Has $6.29 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

Clayton Partners LLC raised its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,178 shares of the technology company's stock after purchasing an additional 9,570 shares during the period. Twilio accounts for approximately 4.4% of Clayton Partners LLC's portfolio, making the stock its 6th largest holding. Clayton Partners LLC's holdings in Twilio were worth $6,288,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ritholtz Wealth Management acquired a new position in Twilio in the 4th quarter valued at about $344,000. KBC Group NV raised its position in shares of Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company's stock valued at $1,481,000 after buying an additional 9,140 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Twilio in the fourth quarter valued at approximately $230,000. Zacks Investment Management purchased a new position in shares of Twilio during the third quarter valued at approximately $3,386,000. Finally, Aigen Investment Management LP boosted its position in Twilio by 81.6% during 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 last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays increased their price target on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. 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 report on Tuesday, January 28th. Stifel Nicolaus lifted their price target on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. JMP Securities reissued a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.35.

Remove Ads

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the business's stock in a transaction dated Monday, January 6th. The shares were 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 owns 153,910 shares of the company's stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 over the last ninety days. Corporate insiders own 4.50% of the company's stock.

Twilio Stock Down 1.2 %

NYSE:TWLO traded down $1.26 on Thursday, reaching $101.74. The stock had a trading volume of 1,449,915 shares, compared to its average volume of 2,625,682. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The stock has a market cap of $15.53 billion, a P/E ratio of -158.97, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $121.60 and a 200 day moving average of $98.56.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

About Twilio

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.