American Century Companies Inc. Increases Stock Position in Twilio Inc. (NYSE:TWLO)

American Century Companies Inc. lifted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 136.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,345 shares of the technology company's stock after buying an additional 59,073 shares during the quarter. American Century Companies Inc. owned about 0.07% of Twilio worth $11,061,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ritholtz Wealth Management acquired a new stake in shares of Twilio during the 4th quarter worth approximately $344,000. Bleakley Financial Group LLC acquired a new stake in Twilio in the fourth quarter worth $230,000. Zacks Investment Management bought a new stake in Twilio in the third quarter valued at $3,386,000. Aigen Investment Management LP boosted its position in shares of Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after purchasing an additional 5,188 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Twilio by 151.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock valued at $2,820,000 after buying an additional 26,062 shares during the period. Institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TWLO shares. The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and increased their price target for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Wells Fargo & Company increased their target price on Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Barclays boosted their price target on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Mizuho raised their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, JMP Securities reissued a "market outperform" rating and set a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio has a consensus rating of "Moderate Buy" and an average target price of $135.35.

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Twilio Stock Performance

TWLO traded down $0.11 during midday trading on Monday, reaching $83.47. The company had a trading volume of 2,983,807 shares, compared to its average volume of 2,637,954. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The business has a 50-day moving average price of $117.08 and a two-hundred day moving average price of $102.31. The stock has a market cap of $12.74 billion, a PE ratio of -130.42, a P/E/G 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 (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 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 during the quarter, compared to analysts' expectations of $1.19 billion. On average, sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 7,524 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 transaction of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at $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. In the last 90 days, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by company insiders.

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.