Pinebridge Investments L.P. Increases Position in Twilio Inc. (NYSE:TWLO)

Pinebridge Investments L.P. lifted its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,264 shares of the technology company's stock after purchasing an additional 12,475 shares during the period. Pinebridge Investments L.P. owned 0.07% of Twilio worth $11,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Twilio by 718.7% during 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 buying an additional 2,864,235 shares in the last quarter. Norges Bank bought a new stake in Twilio during the fourth quarter worth about $222,146,000. Renaissance Technologies LLC purchased a new stake in Twilio in the fourth quarter worth about $62,999,000. Schroder Investment Management Group increased its stake in shares of Twilio by 3,999.9% during the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after purchasing an additional 509,153 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Twilio by 1,267.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after purchasing an additional 421,199 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Shares of TWLO stock traded up $1.62 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 debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The firm has a 50 day simple moving average of $99.35 and a two-hundred day simple moving average of $104.18. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of -148.67, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 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 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%. As a group, equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TWLO shares. Needham & Company LLC lifted their price objective on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Barclays increased their price objective on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their target price on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Morgan Stanley dropped their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, William Blair reissued an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $129.30.

Twilio Company 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.