Schroder Investment Management Group Grows Stock Position in Twilio Inc. (NYSE:TWLO)

Schroder Investment Management Group increased its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 3,999.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 521,882 shares of the technology company's stock after buying an additional 509,153 shares during the quarter. Schroder Investment Management Group owned about 0.34% of Twilio worth $56,687,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its position in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after buying an additional 2,864,235 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock worth $177,622,000 after acquiring an additional 33,824 shares during the period. Norges Bank purchased a new position in Twilio during the fourth quarter worth about $222,146,000. Bank of New York Mellon Corp lifted its position in Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after purchasing an additional 99,786 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Twilio by 0.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock valued at $56,541,000 after purchasing an additional 4,061 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a report on Friday, January 24th. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and raised their target price for the company from $77.00 to $185.00 in a report on Monday, January 27th. UBS Group upped their price target on shares of Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Oppenheimer raised their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group upped their target price on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 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 a total of 40,857 shares of company stock worth $4,318,654 in the last three months. 4.50% of the stock is currently owned by company insiders.

Twilio Trading Up 2.6 %

Shares of TWLO stock traded up $2.54 during trading hours on Wednesday, hitting $100.71. 1,697,888 shares of the company were exchanged, compared to its average volume of 2,621,515. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The firm has a fifty day moving average of $119.72 and a 200 day moving average of $101.51. The firm has a market cap of $15.37 billion, a PE ratio of -157.36, a PEG ratio of 4.30 and a beta of 1.47. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

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

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.