Envestnet Asset Management Inc. Acquires 23,608 Shares of Twilio Inc. (NYSE:TWLO)

Envestnet Asset Management Inc. increased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 101.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,993 shares of the technology company's stock after purchasing an additional 23,608 shares during the period. Envestnet Asset Management Inc.'s holdings in Twilio were worth $5,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after buying an additional 2,864,235 shares during the period. Norges Bank bought a new stake in shares of Twilio during the fourth quarter worth $222,146,000. Schroder Investment Management Group raised its holdings in shares of Twilio by 3,999.9% during the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after acquiring an additional 509,153 shares during the period. Los Angeles Capital Management LLC lifted its position in Twilio by 1,267.3% in 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 acquiring an additional 421,199 shares in the last quarter. Finally, KBC Group NV boosted its stake in Twilio by 1,138.4% in the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company's stock worth $30,389,000 after purchasing an additional 258,469 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TWLO has been the topic of a number of research reports. Oppenheimer boosted their price target on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Mizuho reduced their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Piper Sandler reiterated an "overweight" rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, William Blair reiterated an "outperform" rating on shares of Twilio in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.61.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is owned by corporate insiders.

Twilio Trading Up 2.7 %

Shares of TWLO stock opened at $83.74 on Wednesday. The company has a market capitalization of $12.78 billion, a PE ratio of -130.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. 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 12-month low of $52.51 and a 12-month high of $151.95. The firm has a 50 day moving average price of $101.36 and a two-hundred day moving average price of $103.69.

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 the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion during 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%. As a group, analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

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.

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