Zacks Investment Management Grows Stake in Twilio Inc. (NYSE:TWLO)

Zacks Investment Management boosted its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 211.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,472 shares of the technology company's stock after purchasing an additional 109,556 shares during the quarter. Zacks Investment Management owned about 0.11% of Twilio worth $17,452,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TWLO. Stifel Financial Corp lifted its holdings in shares of Twilio by 176.8% in the third quarter. Stifel Financial Corp now owns 21,833 shares of the technology company's stock valued at $1,424,000 after purchasing an additional 13,946 shares in the last quarter. MML Investors Services LLC boosted its holdings in Twilio by 33.1% during the 3rd quarter. MML Investors Services LLC now owns 7,768 shares of the technology company's stock worth $507,000 after acquiring an additional 1,930 shares during the last quarter. M&T Bank Corp grew its stake in shares of Twilio by 16.3% in the 3rd quarter. M&T Bank Corp now owns 8,642 shares of the technology company's stock worth $563,000 after acquiring an additional 1,211 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock valued at $1,152,000 after purchasing an additional 112 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock valued at $14,341,000 after purchasing an additional 193,971 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TWLO shares. Scotiabank increased their price objective on shares of Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Mizuho reduced their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Piper Sandler reiterated an "overweight" rating and set a $142.00 price target (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Barclays upped their price objective on Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Twilio presently has an average rating of "Moderate Buy" and a consensus target price of $130.61.

Twilio Price Performance

NYSE:TWLO traded up $1.50 during mid-day trading on Tuesday, hitting $83.06. 354,948 shares of the stock traded hands, compared to its average volume of 2,628,928. The business's 50-day moving average price is $102.63 and its 200 day moving average price is $103.83. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a market cap of $12.68 billion, a PE ratio of -129.96, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced 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 during 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%. On average, analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock valued at $2,344,149 over the last 90 days. 4.50% of the stock is owned by 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.