Thames Capital Management LLC Makes New $8.40 Million Investment in Twilio Inc. (NYSE:TWLO)

Thames Capital Management LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 77,683 shares of the technology company's stock, valued at approximately $8,396,000. Twilio makes up about 2.3% of Thames Capital Management LLC's investment portfolio, making the stock its 18th largest holding. Thames Capital Management LLC owned 0.05% of Twilio at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TWLO. Arrowstreet Capital Limited Partnership raised its holdings in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after buying an additional 2,864,235 shares during the period. Geode Capital Management LLC grew its position in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock valued at $177,622,000 after buying an additional 33,824 shares during the last quarter. Norges Bank bought a new stake in shares of Twilio in the 4th quarter worth approximately $222,146,000. Bank of New York Mellon Corp lifted its stake 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 buying an additional 99,786 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after purchasing an additional 509,153 shares during the period. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the 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 completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, 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. Over the last quarter, insiders sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $144.00 to $160.00 in a research report on Monday, February 24th. Tigress Financial increased their target price 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Twilio Stock Down 1.0 %

Shares of TWLO stock traded down $0.82 during trading hours on Friday, reaching $84.91. The company had a trading volume of 857,436 shares, compared to its average volume of 2,639,317. The company has a market cap of $12.96 billion, a price-to-earnings ratio of -132.57, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The business has a fifty day simple moving average of $111.02 and a 200-day simple moving average of $102.57. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. 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 released its 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 analysts' expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.