Twilio Inc. (NYSE:TWLO) Holdings Lifted by Cerity Partners LLC

Cerity Partners LLC grew its position in Twilio Inc. (NYSE:TWLO - Free Report) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,521 shares of the technology company's stock after acquiring an additional 21,353 shares during the quarter. Cerity Partners LLC owned about 0.06% of Twilio worth $9,169,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after acquiring an additional 2,864,235 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Twilio by 1.3% in 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 purchasing an additional 33,824 shares during the last quarter. Norges Bank purchased a new position in shares of Twilio during the 4th quarter worth $222,146,000. Bank of New York Mellon Corp increased its position in shares of Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock worth $109,056,000 after purchasing an additional 99,786 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Twilio by 3,999.9% in the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after buying an additional 509,153 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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Twilio Price Performance

TWLO stock traded up $1.84 on Tuesday, reaching $88.26. The company had a trading volume of 1,022,255 shares, compared to its average volume of 2,636,069. The company's fifty day moving average is $108.62 and its 200 day moving average is $103.16. The company has a market cap of $13.47 billion, a P/E ratio of -137.92, a PEG ratio of 4.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

TWLO has been the topic of several recent analyst reports. William Blair restated an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Mizuho dropped their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday. Piper Sandler reissued an "overweight" rating and set a $142.00 target price (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Jefferies Financial Group lifted their target price on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus increased their price objective on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued 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, Twilio has an average rating of "Moderate Buy" and a consensus target price of $134.26.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the firm's 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 in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. 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. Insiders own 4.50% of the company's stock.

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.