Twilio Inc. (NYSE:TWLO) Shares Purchased by Smith Group Asset Management LLC

Smith Group Asset Management LLC raised its stake in Twilio Inc. (NYSE:TWLO) by 61.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,590 shares of the technology company’s stock after acquiring an additional 5,920 shares during the quarter. Smith Group Asset Management LLC’s holdings in Twilio were worth $1,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC grew its stake in Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Twilio by 3.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after purchasing an additional 201 shares during the last quarter. Arizona State Retirement System lifted its position in Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after buying an additional 205 shares during the period. Royal London Asset Management Ltd. boosted its stake in Twilio by 0.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after buying an additional 220 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in Twilio by 43.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after buying an additional 260 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the transaction, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total value of $731,002.36. Following the transaction, the chief executive officer now owns 267,090 shares of the company’s stock, valued at $17,678,687.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,906 shares of company stock worth $3,388,596. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of Twilio from $65.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Finally, JMP Securities restated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.48.

Twilio Stock Performance

Shares of TWLO opened at $70.53 on Tuesday. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of -17.59, a PEG ratio of 4.01 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $64.44 and its two-hundred day moving average is $60.66. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. Analysts forecast that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Twilio Company 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.