Twilio Inc. (NYSE:TWLO) Stake Boosted by Soviero Asset Management LP

Soviero Asset Management LP boosted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,000 shares of the technology company's stock after buying an additional 13,000 shares during the quarter. Twilio makes up approximately 3.8% of Soviero Asset Management LP's portfolio, making the stock its 3rd biggest position. Soviero Asset Management LP's holdings in Twilio were worth $6,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its stake 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 valued at $352,640,000 after acquiring an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Twilio in the fourth quarter valued at approximately $301,258,000. Geode Capital Management LLC boosted its stake in shares of Twilio by 1.3% during the third 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 period. Norges Bank bought a new position in shares of Twilio in the fourth quarter worth approximately $222,146,000. Finally, Two Sigma Investments LP increased its stake in shares of Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after buying an additional 1,048,619 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $721,401.12. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 in the last three months. Corporate insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Twilio from a "neutral" rating to a "buy" rating and increased their target price for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. Tigress Financial boosted their target price on Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Twilio Price Performance

Shares of TWLO stock traded up $1.08 during trading hours on Friday, hitting $86.81. The stock had a trading volume of 1,930,857 shares, compared to its average volume of 2,644,395. The stock's 50-day moving average price is $109.84 and its two-hundred day moving average price is $102.74. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The stock has a market capitalization 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 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 issued 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 positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Equities analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

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.