Uniting Wealth Partners LLC Makes New $432,000 Investment in Twilio Inc. (NYSE:TWLO)

Uniting Wealth Partners LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the technology company’s stock, valued at approximately $432,000.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after acquiring an additional 33,824 shares in the last quarter. Norges Bank acquired a new stake in shares of Twilio during the fourth quarter valued at approximately $222,146,000. Bank of New York Mellon Corp lifted its position in shares of Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after acquiring an additional 99,786 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Twilio by 0.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after purchasing an additional 4,061 shares during the period. 84.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TWLO. Monness Crespi & Hardt increased their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the company from $115.00 to $160.00 in a report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of the business’s 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 $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,857 shares of company stock valued at $4,318,654 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Performance

NYSE:TWLO opened at $100.71 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm’s 50-day moving average is $119.72 and its 200-day moving average is $101.51. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a market cap of $15.37 billion, a price-to-earnings ratio of -157.36, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current 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.