Twilio Inc. (NYSE:TWLO) Position Raised by Brighton Jones LLC

Brighton Jones LLC grew its position in shares of Twilio Inc. (NYSE:TWLO) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,209 shares of the technology company’s stock after purchasing an additional 185 shares during the quarter. Brighton Jones LLC’s holdings in Twilio were worth $775,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Twilio by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock worth $1,028,245,000 after acquiring an additional 445,877 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Twilio by 1.8% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company’s stock valued at $359,118,000 after purchasing an additional 111,093 shares during the last quarter. Northern Trust Corp boosted its holdings in Twilio by 3.2% in the third quarter. Northern Trust Corp now owns 1,254,309 shares of the technology company’s stock worth $73,415,000 after purchasing an additional 38,776 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Twilio by 73.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock worth $70,965,000 after buying an additional 515,068 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Twilio by 10.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock valued at $69,372,000 after buying an additional 113,042 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Up 1.8 %

Shares of Twilio stock opened at $60.96 on Thursday. The firm’s fifty day simple moving average is $60.32 and its 200-day simple moving average is $64.14. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. As a group, analysts anticipate that Twilio Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares in the company, valued at approximately $10,529,034.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the sale, the chief executive officer now owns 335,982 shares in the company, valued at $20,874,561.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,958 shares of company stock valued at $1,910,447. Corporate insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TWLO shares. Northland Securities downgraded Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a report on Thursday, February 15th. TD Cowen dropped their price target on Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. HSBC lowered Twilio from a “hold” rating to a “reduce” rating and lowered their price target for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Barclays boosted their price target on Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company dropped their price objective on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.90.

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.