MGO One Seven LLC Takes $2.08 Million Position in Twilio Inc. (NYSE:TWLO)

MGO One Seven LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,235 shares of the technology company's stock, valued at approximately $2,079,000.

Several other institutional investors also recently modified their holdings of the business. Tidal Investments LLC grew its stake in shares of Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock worth $1,152,000 after acquiring an additional 112 shares during the period. Franklin Resources Inc. grew its position in Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock worth $14,341,000 after purchasing an additional 193,971 shares during the period. American Trust purchased a new stake in Twilio during the 3rd quarter valued at $224,000. Versant Capital Management Inc boosted its stake in shares of Twilio by 71.0% in the 4th quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company's stock worth $126,000 after buying an additional 484 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Twilio by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock valued at $92,000 after acquiring an additional 170 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 12,056 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 value of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The sale 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 on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TWLO shares. Mizuho cut their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and upped their target price for the company from $115.00 to $160.00 in a report on Friday, January 24th. Needham & Company LLC lifted their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Oppenheimer upped 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. Finally, Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $127.70.

Twilio Trading Up 0.6 %

NYSE:TWLO traded up $0.60 during midday trading on Monday, hitting $95.67. 2,894,614 shares of the company traded hands, compared to its average volume of 2,646,169. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average is $99.35 and its 200-day moving average is $104.42. The firm has a market capitalization of $14.60 billion, a P/E ratio of -149.48, a P/E/G 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.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results 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). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, sell-side analysts predict that Twilio Inc. will post 1.44 EPS 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.