Thoroughbred Financial Services LLC Buys Shares of 6,200 Twilio Inc. (NYSE:TWLO)

Thoroughbred Financial Services LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,200 shares of the technology company's stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TWLO. Proem Advisors LLC bought a new stake in shares of Twilio during the 4th quarter valued at $3,242,000. Uniting Wealth Partners LLC bought a new stake in Twilio during the fourth quarter valued at about $432,000. ExodusPoint Capital Management LP lifted its position in shares of Twilio by 514.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 145,015 shares of the technology company's stock valued at $15,673,000 after acquiring an additional 121,429 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in shares of Twilio in the fourth quarter worth about $248,000. Finally, Motley Fool Asset Management LLC purchased a new stake in shares of Twilio during the fourth quarter worth about $244,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Price Performance

Shares of TWLO traded up $1.08 during mid-day trading on Friday, reaching $86.81. 1,930,857 shares of the company's stock were exchanged, compared to its average volume of 2,644,395. 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 Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a market cap of $13.25 billion, a price-to-earnings ratio of -135.64, a PEG ratio of 4.30 and a beta of 1.50. The company has a 50-day simple moving average of $109.84 and a two-hundred day simple moving average of $102.74.

Twilio (NYSE:TWLO - Get Free Report) last released its 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). The firm 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, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 7,524 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 $721,401.12. Following the completion of the transaction, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. This trade represents a 4.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TWLO. Robert W. Baird raised Twilio from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Stifel Nicolaus lifted their price objective on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. UBS Group increased their target price on Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price target on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Oppenheimer increased their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One investment 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.35.

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.