443,443 Twilio Inc. $TWLO Shares Acquired by Aberdeen Group plc

Aberdeen Group plc boosted its stake in Twilio Inc. (NYSE:TWLO) by 421.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 548,659 shares of the technology company’s stock after buying an additional 443,443 shares during the period. Aberdeen Group plc’s holdings in Twilio were worth $160,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jacobi Capital Management LLC acquired a new stake in shares of Twilio in the 3rd quarter worth approximately $28,000. Western Pacific Wealth Management LP bought a new position in shares of Twilio in the third quarter valued at approximately $39,000. Provenance Wealth Advisors LLC bought a new position in Twilio during the 3rd quarter valued at $41,000. Continuum Advisory LLC acquired a new position in Twilio during the second quarter worth about $33,000. Finally, Reyes Financial Architecture Inc. bought a new stake in Twilio in the third quarter worth about $58,000. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Down 0.5%

Shares of NYSE:TWLO opened at $211.23 on Friday. The firm has a market cap of $32.68 billion, a P/E ratio of 72.68, a P/E/G ratio of 4.12 and a beta of 1.49. Twilio Inc. has a 12 month low of $105.00 and a 12 month high of $308.40. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $252.39 and its two-hundred day moving average price is $192.39.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. Twilio had a return on equity of 5.58% and a net margin of 21.82%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $1.25 EPS. The firm’s revenue was up 19.9% on a year-over-year basis. As a group, research analysts forecast that Twilio Inc. will post 3.29 EPS for the current fiscal year.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 9,084 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the transaction, the chief financial officer owned 99,246 shares in the company, valued at approximately $29,242,833.90. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $291.03, for a total transaction of $4,203,055.26. Following the transaction, the chief executive officer owned 178,863 shares of the company’s stock, valued at approximately $52,054,498.89. This represents a 7.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 38,818 shares of company stock worth $11,293,645. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TWLO shares. KeyCorp upped their price target on shares of Twilio from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of Twilio in a research report on Thursday, August 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 target price on shares of Twilio in a research report on Friday, August 7th. UBS Group reduced their price objective on shares of Twilio from $285.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Finally, Bank of America lifted their target price on shares of Twilio from $270.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $269.48.

Twilio Profile

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.