WINTON GROUP Ltd Buys New Stake in Twilio Inc. (NYSE:TWLO)

WINTON GROUP Ltd bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,134 shares of the technology company's stock, valued at approximately $2,284,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $344,000. Bleakley Financial Group LLC purchased a new stake in shares of Twilio during the 4th quarter worth $230,000. Zacks Investment Management acquired a new position in shares of Twilio during the 3rd quarter worth $3,386,000. Aigen Investment Management LP increased its holdings in shares of Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock valued at $1,248,000 after purchasing an additional 5,188 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings 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 purchasing an additional 26,062 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,277 shares of company stock valued at $2,441,324. Corporate insiders own 4.50% of the company's stock.

Remove Ads

Twilio Trading Up 0.5 %

Shares of TWLO traded up $0.51 during midday trading on Tuesday, hitting $98.42. The stock had a trading volume of 290,955 shares, compared to its average volume of 2,624,784. The business has a 50-day simple moving average of $120.28 and a two-hundred day simple moving average of $101.24. The firm has a market cap of $15.02 billion, a P/E ratio of -154.21, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

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 analysts' consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates 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 analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on TWLO. Morgan Stanley upgraded shares of Twilio from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. Needham & Company LLC upped their price target on Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Mizuho lifted their price objective on Twilio from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Barclays upped their target price on Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, UBS Group raised their price target on Twilio from $145.00 to $175.00 and gave the company a "buy" rating 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

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.