Marshall Wace LLP Boosts Stake in Twilio Inc. (NYSE:TWLO)

Marshall Wace LLP grew its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 337.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 510,778 shares of the technology company's stock after purchasing an additional 393,892 shares during the quarter. Marshall Wace LLP owned approximately 0.33% of Twilio worth $55,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. M&T Bank Corp raised its stake in Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after acquiring an additional 85 shares during the period. Allworth Financial LP lifted its stake in shares of Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after buying an additional 94 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock worth $120,000 after buying an additional 104 shares during the period. Tidal Investments LLC increased 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 worth $1,152,000 after buying an additional 112 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its stake in Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after acquiring an additional 124 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Transactions 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 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. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 7,524 shares of the company'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 $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock valued at $2,344,149 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TWLO shares. William Blair reaffirmed an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Barclays raised their price objective on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Monness Crespi & Hardt boosted their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a report on Monday, January 27th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research report on Friday, February 14th. Finally, Oppenheimer raised their price objective on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.13.

Twilio Trading Down 1.2 %

NYSE:TWLO traded down $1.01 during trading hours on Friday, hitting $84.76. The company had a trading volume of 1,493,706 shares, compared to its average volume of 2,640,418. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a market cap of $12.94 billion, a P/E ratio of -132.43, a P/E/G ratio of 4.30 and a beta of 1.50. The company has a 50-day moving average of $103.89 and a 200 day moving average of $103.73. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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 analysts' consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for 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%. Sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current 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.