Oribel Capital Management LP Invests $40.60 Million in Twilio Inc. (NYSE:TWLO)

Oribel Capital Management LP bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 375,600 shares of the technology company's stock, valued at approximately $40,595,000. Twilio accounts for approximately 1.4% of Oribel Capital Management LP's holdings, making the stock its 10th biggest position. Oribel Capital Management LP owned approximately 0.24% of Twilio at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. M&T Bank Corp lifted its stake in Twilio by 1.0% in 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 in the last quarter. Allworth Financial LP increased its holdings in shares of Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after purchasing an additional 94 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock worth $120,000 after purchasing an additional 104 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock worth $1,152,000 after purchasing an additional 112 shares during the period. Finally, Freestone Capital Holdings LLC grew its position 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 purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 0.6 %

NYSE:TWLO traded down $0.48 during midday trading on Friday, hitting $85.25. 857,436 shares of the company traded hands, compared to its average volume of 2,639,317. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. 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 $111.02 and its 200-day moving average is $102.57. The firm has a market capitalization of $13.01 billion, a P/E ratio of -132.57, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TWLO shares. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and upped their price target for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $144.00 to $160.00 in a report on Monday, February 24th. Jefferies Financial Group lifted their price target on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a report on Friday, February 14th. Oppenheimer upped their price objective on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Tigress Financial raised their target price on shares of Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and an average price target of $135.35.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the company's stock in a transaction dated 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 of the company's stock, 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 this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock valued at $2,344,149 in the last ninety days. Insiders own 4.50% of the company's stock.

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.