Sei Investments Co. Has $6.41 Million Holdings in Twilio Inc. (NYSE:TWLO)

Sei Investments Co. boosted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 260.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,346 shares of the technology company's stock after buying an additional 42,902 shares during the period. Sei Investments Co.'s holdings in Twilio were worth $6,414,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in Twilio by 136.5% in the 4th quarter. American Century Companies Inc. now owns 102,345 shares of the technology company's stock worth $11,061,000 after purchasing an additional 59,073 shares during the period. Quantbot Technologies LP grew its holdings in shares of Twilio by 510.4% during the fourth quarter. Quantbot Technologies LP now owns 19,143 shares of the technology company's stock valued at $2,069,000 after buying an additional 16,007 shares in the last quarter. Atlas Wealth LLC purchased a new position in shares of Twilio during the fourth quarter valued at $432,000. Semanteon Capital Management LP acquired a new position in Twilio during the fourth quarter valued at $541,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Twilio during the 4th quarter worth about $197,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research report on Tuesday. Piper Sandler restated an "overweight" rating and set a $142.00 price target (up from $94.00) on shares of Twilio in a report on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, UBS Group boosted their target price on Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $135.35.

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Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the firm'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 $721,401.12. Following the completion of the transaction, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This trade represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the company'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 value of $1,155,929.28. Following the completion of the sale, the chief executive officer now owns 295,134 shares in the company, 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. Over the last ninety days, insiders sold 40,857 shares of company stock worth $4,318,654. 4.50% of the stock is owned by corporate insiders.

Twilio Stock Performance

TWLO stock traded up $2.54 on Wednesday, reaching $100.71. 1,697,888 shares of the company were exchanged, compared to its average volume of 2,621,515. The firm has a market capitalization of $15.37 billion, a PE ratio of -157.36, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock's fifty day moving average price is $119.96 and its 200 day moving average price is $101.51. 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 (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.19 billion. On average, research analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal 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.