Scotia Capital Inc. purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,570 shares of the technology company's stock, valued at approximately $1,142,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ritholtz Wealth Management acquired a new stake in shares of Twilio during the fourth quarter valued at about $344,000. Bleakley Financial Group LLC acquired a new stake in Twilio during the 4th quarter worth approximately $230,000. Aigen Investment Management LP grew its holdings in 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 acquiring an additional 5,188 shares during the last quarter. Highland Capital Management LLC acquired a new position in Twilio in the 4th quarter valued at approximately $912,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Twilio during the fourth quarter valued at $860,000. Institutional investors own 84.27% of the company's stock.
Twilio Trading Down 1.2 %
NYSE:TWLO traded down $1.01 during mid-day trading on Friday, hitting $84.76. 1,493,706 shares of the stock traded hands, compared to its average volume of 2,636,129. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $12.94 billion, a price-to-earnings ratio of -132.43, 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. The firm's 50 day moving average is $105.06 and its two-hundred day moving average is $103.07.
Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.
Insider Buying and Selling
In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the 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 completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the business'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 sale, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 in the last three months. 4.50% of the stock is owned by insiders.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. UBS Group increased their price objective on Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a report on Friday, February 14th. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their target price on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Barclays raised their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, Oppenheimer lifted 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Twilio presently has an average rating of "Moderate Buy" and a consensus price target of $132.13.
Check Out Our Latest Stock Analysis on Twilio
About Twilio
(
Free Report)
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.
Further Reading
Before you consider Twilio, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Twilio wasn't on the list.
While Twilio currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
