Monolith Management Ltd Buys New Position in Twilio Inc. (NYSE:TWLO)

Monolith Management Ltd purchased a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,000 shares of the technology company's stock, valued at approximately $2,918,000. Twilio makes up 1.5% of Monolith Management Ltd's investment portfolio, making the stock its 17th largest holding.

Several other large investors also recently modified their holdings of TWLO. Arrowstreet Capital Limited Partnership boosted its stake in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Norges Bank acquired a new stake in shares of Twilio in the 4th quarter valued at approximately $222,146,000. Bank of New York Mellon Corp grew its holdings in Twilio by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after purchasing an additional 99,786 shares during the period. Capital World Investors raised its holdings in Twilio by 0.8% in the fourth quarter. Capital World Investors now owns 583,373 shares of the technology company's stock worth $63,051,000 after purchasing an additional 4,491 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Twilio during the fourth quarter worth $62,999,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TWLO. Tigress Financial boosted their price objective on Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group upgraded shares of Twilio from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Monness Crespi & Hardt upped their price target on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company lowered their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com cut shares of Twilio from a "buy" rating to a "hold" rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $129.30.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 in the last three months. 4.50% of the stock is owned by corporate insiders.

Twilio Trading Up 1.7 %

Shares of NYSE:TWLO traded up $1.62 during midday trading on Friday, hitting $95.15. 2,286,162 shares of the stock traded hands, compared to its average volume of 2,645,171. 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 stock has a market capitalization of $14.52 billion, a PE ratio of -148.67, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The business's 50 day moving average is $99.35 and its two-hundred day moving average is $104.42.

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 company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

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.