Verdence Capital Advisors LLC Buys New Shares in Twilio Inc. (NYSE:TWLO)

Verdence Capital Advisors LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,639 shares of the technology company's stock, valued at approximately $501,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock worth $600,447,000 after purchasing an additional 77,436 shares in the last quarter. Pacer Advisors Inc. raised its stake in Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Geode Capital Management LLC raised its stake in Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock worth $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Twilio by 11.0% in 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Twilio by 0.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock worth $56,541,000 after purchasing an additional 4,061 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 2.5 %

TWLO traded down $2.73 during trading on Friday, reaching $106.08. 5,235,260 shares of the company's stock were exchanged, compared to its average volume of 3,765,060. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $16.27 billion, a PE ratio of -165.75, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm has a fifty day moving average price of $123.26 and a two-hundred day moving average price of $96.66.

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Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TWLO shares. Barclays boosted their target price on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. William Blair restated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. StockNews.com cut shares of Twilio from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Robert W. Baird upgraded shares of Twilio from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $115.00 to $160.00 in a research 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $134.26.

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.