Edgestream Partners L.P. Invests $655,000 in Twilio Inc. (NYSE:TWLO)

Edgestream Partners L.P. purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,062 shares of the technology company's stock, valued at approximately $655,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. M&T Bank Corp grew its stake in Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after acquiring an additional 85 shares during the last quarter. Allworth Financial LP grew its stake in Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after acquiring an additional 94 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after acquiring an additional 104 shares during the last quarter. Tidal Investments LLC grew its stake in Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock valued at $1,152,000 after acquiring an additional 112 shares during the last quarter. Finally, Freestone Capital Holdings LLC lifted its holdings in Twilio by 3.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after purchasing an additional 124 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm'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 transaction 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 approximately $27,823,806.18. This trade represents a 4.24 % 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 1,391 shares of the firm's stock in a transaction that occurred on 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 directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 over the last 90 days. 4.50% of the stock is owned by corporate insiders.

Twilio Trading Up 4.2 %

NYSE TWLO traded up $4.00 during mid-day trading on Friday, hitting $98.90. The company's stock had a trading volume of 2,362,503 shares, compared to its average volume of 2,643,820. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock's fifty day simple moving average is $122.22 and its two-hundred day simple moving average is $97.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $15.10 billion, a P/E ratio of -154.53, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

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 (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.19 billion. Research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Analysts Set New Price Targets

TWLO has been the topic of a number of recent research reports. Oppenheimer upped their target price on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Mizuho upped their target price on shares of Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Royal Bank of Canada restated an "underperform" rating and issued a $50.00 target price on shares of Twilio in a report on Tuesday, January 21st. JMP Securities restated a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a report on Friday, February 14th. Finally, UBS Group upped their target price on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.26.

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.