ExodusPoint Capital Management LP Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

ExodusPoint Capital Management LP increased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 514.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,015 shares of the technology company's stock after purchasing an additional 121,429 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.09% of Twilio worth $15,673,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TWLO. Arete Wealth Advisors LLC acquired a new position in Twilio during the fourth quarter worth approximately $248,000. Motley Fool Asset Management LLC acquired a new position in shares of Twilio during the 4th quarter worth approximately $244,000. Trexquant Investment LP acquired a new position in shares of Twilio during the 4th quarter worth approximately $27,738,000. HighPoint Advisor Group LLC bought a new stake in Twilio in the 4th quarter valued at $212,000. Finally, Scalar Gauge Management LLC acquired a new stake in Twilio during the 4th quarter valued at $3,675,000. Institutional investors own 84.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on TWLO. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and upped their target price for the company from $77.00 to $185.00 in a research report on Monday, January 27th. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Royal Bank of Canada reissued an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. UBS Group upped their price target on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $135.35.

Twilio Price Performance

NYSE TWLO traded up $10.68 during trading on Wednesday, hitting $92.02. 3,942,205 shares of the stock traded hands, compared to its average volume of 2,645,465. 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 capitalization of $14.05 billion, a P/E ratio of -143.78, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The firm has a 50-day simple moving average of $112.24 and a 200-day simple moving average of $102.42.

Twilio (NYSE:TWLO - Get Free Report) last issued 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. As a group, analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In related 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 transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares of the company's stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 over the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

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.