Russell Investments Group Ltd. Boosts Holdings in Twilio Inc. (NYSE:TWLO)

Russell Investments Group Ltd. grew its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,527 shares of the technology company's stock after buying an additional 64,319 shares during the period. Russell Investments Group Ltd. owned 0.13% of Twilio worth $20,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in shares of Twilio by 176.8% in the third quarter. Stifel Financial Corp now owns 21,833 shares of the technology company's stock valued at $1,424,000 after purchasing an additional 13,946 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Twilio during the 3rd quarter valued at about $759,000. MML Investors Services LLC grew its position in Twilio by 33.1% in the third quarter. MML Investors Services LLC now owns 7,768 shares of the technology company's stock worth $507,000 after acquiring an additional 1,930 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Twilio during the third quarter valued at approximately $1,840,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Twilio by 10.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 49,590 shares of the technology company's stock valued at $3,234,000 after purchasing an additional 4,568 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's 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 of the company's stock, 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 have sold 23,471 shares of company stock worth $2,344,149 over the last ninety days. Corporate insiders own 4.50% of the company's stock.

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Twilio Trading Up 1.4 %

Twilio stock traded up $1.25 during trading on Tuesday, reaching $87.67. 483,810 shares of the company were exchanged, compared to its average volume of 2,633,706. 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 stock's 50 day simple moving average is $108.62 and its two-hundred day simple moving average is $103.16. The company has a market capitalization of $13.38 billion, a P/E ratio of -137.03, a PEG 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.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. On average, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent analyst reports. Tigress Financial increased their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Wells Fargo & Company boosted their price objective on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. JMP Securities restated a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research note on Friday, February 14th. Finally, William Blair reaffirmed 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $134.26.

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.