Bridgewater Associates LP Buys 50,260 Shares of Twilio Inc. (NYSE:TWLO)

Bridgewater Associates LP raised its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 54.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,889 shares of the technology company's stock after buying an additional 50,260 shares during the quarter. Bridgewater Associates LP owned about 0.09% of Twilio worth $15,443,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Norges Bank bought a new position in shares of Twilio during the fourth quarter valued at about $222,146,000. Renaissance Technologies LLC purchased a new position in Twilio in the 4th quarter worth approximately $62,999,000. Schroder Investment Management Group increased its stake in shares of Twilio by 3,999.9% in the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after buying an additional 509,153 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in Twilio by 1,267.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after buying an additional 421,199 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Performance

TWLO traded down $1.01 during midday trading on Friday, hitting $84.76. 1,493,706 shares of the company traded hands, compared to its average volume of 2,638,090. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. 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 company's 50-day moving average is $103.89 and its 200 day moving average is $103.22. The firm has a market capitalization of $12.94 billion, a PE ratio of -132.43, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred on 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 of the company's stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction 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 in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock worth $2,344,149 in the last three months. Company insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TWLO. Jefferies Financial Group boosted their price objective on shares of Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Mizuho lowered their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday. Royal Bank of Canada reiterated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. Tigress Financial upped their target price on Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their price target on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $132.13.

Twilio 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.