375,600 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Oribel Capital Management LP

Oribel Capital Management LP purchased a new stake in Twilio Inc. (NYSE:TWLO) during the fourth quarter, Holdings Channel reports. The firm purchased 375,600 shares of the technology company’s stock, valued at approximately $40,595,000. Twilio comprises 1.4% of Oribel Capital Management LP’s portfolio, making the stock its 10th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Twilio by 718.7% in 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 acquiring an additional 2,864,235 shares during the last quarter. Geode Capital Management LLC increased its holdings in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Norges Bank bought a new position in Twilio in the 4th quarter valued at $222,146,000. Bank of New York Mellon Corp boosted its stake 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 purchasing an additional 99,786 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Twilio by 3,999.9% during the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company’s stock worth $56,687,000 after purchasing an additional 509,153 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,857 shares of company stock worth $4,318,654 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TWLO. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the company from $77.00 to $185.00 in a report on Monday, January 27th. Royal Bank of Canada reiterated an “underperform” rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Jefferies Financial Group upped their price target on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

Twilio Price Performance

NYSE TWLO opened at $83.40 on Friday. 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 stock has a market cap of $12.73 billion, a price-to-earnings ratio of -130.32, a PEG ratio of 4.30 and a beta of 1.50. The business has a 50 day simple moving average of $118.19 and a 200 day simple moving average of $101.87. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

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