Prudential PLC Purchases 7,719 Shares of Twilio Inc. (NYSE:TWLO)

Prudential PLC increased its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 57.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,195 shares of the technology company's stock after buying an additional 7,719 shares during the period. Prudential PLC's holdings in Twilio were worth $2,291,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ritholtz Wealth Management bought a new stake in shares of Twilio in the fourth quarter valued at about $344,000. Bleakley Financial Group LLC acquired a new stake in Twilio in the 4th quarter worth about $230,000. Zacks Investment Management bought a new stake in Twilio in the 3rd quarter valued at about $3,386,000. Aigen Investment Management LP grew its position in shares of Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after purchasing an additional 5,188 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Twilio by 151.7% during the third quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock worth $2,820,000 after purchasing an additional 26,062 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 2.0 %

NYSE TWLO traded down $1.67 during trading hours on Friday, reaching $84.06. The company's stock had a trading volume of 608,007 shares, compared to its average volume of 2,638,171. The stock has a market cap of $12.83 billion, a P/E ratio of -131.71, a P/E/G ratio of 4.30 and a beta of 1.50. 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 fifty day simple moving average of $111.02 and a 200-day simple moving average of $102.57.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on TWLO. Royal Bank of Canada reiterated an "underperform" rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. Oppenheimer increased their target price on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Stifel Nicolaus increased their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Finally, William Blair reissued an "outperform" rating on shares of Twilio in a 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 stock. According to MarketBeat.com, the stock has an average 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 firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the business'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 transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 in the last three months. Company insiders own 4.50% of the company's stock.

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.