Jump Financial LLC Buys Shares of 7,290 Twilio Inc. (NYSE:TWLO)

Jump Financial LLC purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,290 shares of the technology company's stock, valued at approximately $788,000.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its position 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 acquiring an additional 2,864,235 shares during the last quarter. Norges Bank acquired a new position in shares of Twilio in the fourth quarter valued at approximately $222,146,000. Renaissance Technologies LLC bought a new position in Twilio in the 4th quarter valued at approximately $62,999,000. Schroder Investment Management Group boosted its position in Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after buying an additional 509,153 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings 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 worth $49,115,000 after acquiring an additional 421,199 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Twilio

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

Twilio Price Performance

Shares of NYSE:TWLO opened at $83.74 on Wednesday. The stock's 50 day moving average is $101.36 and its 200-day moving average is $103.69. Twilio Inc. has a twelve month low of $52.51 and a twelve month 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 firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of -130.84, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last released 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). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TWLO. Piper Sandler reiterated an "overweight" rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. StockNews.com lowered Twilio from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Barclays increased their price target on Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. William Blair reaffirmed an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.61.

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.

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