Renaissance Technologies LLC Takes $63 Million Position in Twilio Inc. (NYSE:TWLO)

Renaissance Technologies LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 582,895 shares of the technology company's stock, valued at approximately $62,999,000. Renaissance Technologies LLC owned about 0.38% of Twilio as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Twilio by 38.5% during the fourth quarter. Invesco Ltd. now owns 501,326 shares of the technology company's stock worth $54,183,000 after purchasing an additional 139,384 shares during the last quarter. Cerity Partners LLC boosted its holdings in Twilio by 32.8% during the fourth quarter. Cerity Partners LLC now owns 86,521 shares of the technology company's stock worth $9,169,000 after buying an additional 21,353 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Twilio by 11.4% during the 4th quarter. Federated Hermes Inc. now owns 66,738 shares of the technology company's stock valued at $7,213,000 after acquiring an additional 6,843 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Twilio during the fourth quarter worth $1,986,000. Finally, Oribel Capital Management LP acquired a new stake in Twilio in the fourth quarter valued at $40,595,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Up 1.9 %

Twilio stock traded up $1.65 during mid-day trading on Tuesday, hitting $88.07. The company's stock had a trading volume of 562,024 shares, compared to its average volume of 2,634,183. The firm's 50 day moving average is $108.62 and its 200 day moving average is $103.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $13.44 billion, a PE ratio of -137.61, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

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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 analysts' consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. On average, analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TWLO. Piper Sandler reaffirmed an "overweight" rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Jefferies Financial Group upped their target price on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Scotiabank raised their price target on Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Oppenheimer upped their price objective on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $115.00 to $160.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.26.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares of the company's stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction dated 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 completion of the sale, 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. Over the last quarter, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is currently owned by corporate insiders.

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.