CreativeOne Wealth LLC Purchases Shares of 3,375 Twilio Inc. (NYSE:TWLO)

CreativeOne Wealth LLC bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,375 shares of the technology company's stock, valued at approximately $365,000.

A number of other hedge funds have also recently made changes to their positions in TWLO. Arrowstreet Capital Limited Partnership raised its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after buying an additional 2,864,235 shares during the last quarter. Norges Bank purchased a new position in shares of Twilio in the 4th quarter worth about $222,146,000. Renaissance Technologies LLC purchased a new position in shares of Twilio in the 4th quarter worth about $62,999,000. Schroder Investment Management Group boosted its stake in Twilio by 3,999.9% in the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after purchasing an additional 509,153 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Twilio by 1,267.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after purchasing an additional 421,199 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the transaction, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at $16,936,243.20. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

TWLO has been the topic of several analyst reports. William Blair reiterated an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. UBS Group upped their price objective on Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley cut their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC boosted their price target on Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus increased 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Twilio has an average rating of "Moderate Buy" and an average target price of $130.61.

Twilio Stock Performance

TWLO traded up $3.23 during midday trading on Wednesday, reaching $87.10. The company had a trading volume of 1,942,687 shares, compared to its average volume of 2,635,049. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $13.29 billion, a P/E ratio of -136.09, a P/E/G ratio of 4.30 and a beta of 1.50. The business has a 50-day moving average of $101.36 and a two-hundred day moving average of $103.69.

Twilio (NYSE:TWLO - Get Free Report) last released 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). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate 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, equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal 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.