Northwest & Ethical Investments L.P. Purchases New Shares in Twilio Inc. (NYSE:TWLO)

Northwest & Ethical Investments L.P. acquired a new position in Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,825 shares of the technology company’s stock, valued at approximately $197,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWLO. FMR LLC boosted its position in shares of 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. Geode Capital Management LLC raised its stake in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after buying an additional 33,824 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after acquiring an additional 99,786 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Twilio by 0.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after acquiring an additional 4,061 shares during the last quarter. Finally, Goldentree Asset Management LP increased its holdings in shares of Twilio by 13.5% during the third quarter. Goldentree Asset Management LP now owns 798,102 shares of the technology company’s stock valued at $51,935,000 after acquiring an additional 94,645 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TWLO shares. JPMorgan Chase & Co. increased their price objective 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. Scotiabank increased their price target on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Needham & Company LLC increased their target price on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $144.00 to $160.00 in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The transaction 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 stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock valued at $2,441,324 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Twilio Trading Up 1.6 %

Twilio stock opened at $103.44 on Friday. 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 12-month low of $52.51 and a 12-month high of $151.95. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47. The firm has a 50 day moving average of $121.32 and a 200 day moving average of $99.13.

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

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.