Bank of New York Mellon Corp Has $109.06 Million Position in Twilio Inc. (NYSE:TWLO)

Bank of New York Mellon Corp grew its stake in shares of Twilio Inc. (NYSE:TWLO) by 11.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,009,028 shares of the technology company’s stock after buying an additional 99,786 shares during the period. Bank of New York Mellon Corp owned approximately 0.66% of Twilio worth $109,056,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. JFS Wealth Advisors LLC raised its position in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in Twilio in the fourth quarter worth about $44,000. True Wealth Design LLC raised its position in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Brooklyn Investment Group acquired a new position in Twilio in the third quarter worth about $46,000. Finally, Venturi Wealth Management LLC raised its position in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Price Performance

TWLO opened at $119.91 on Friday. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company’s 50 day simple moving average is $123.07 and its 200-day simple moving average is $94.59. The stock has a market capitalization of $18.39 billion, a P/E ratio of -187.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TWLO. Stifel Nicolaus increased their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research report on Tuesday, January 21st. Tigress Financial increased their price target on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Needham & Company LLC increased their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. One research 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 stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and a consensus target price of $134.26.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,906 shares of company stock valued at $2,950,514. 4.50% of the stock is currently owned by insiders.

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.