Bridgewater Associates LP Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

Bridgewater Associates LP increased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 54.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 142,889 shares of the technology company’s stock after acquiring an additional 50,260 shares during the quarter. Bridgewater Associates LP’s holdings in Twilio were worth $15,443,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC grew its position in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in Twilio during the 4th quarter worth approximately $44,000. Private Trust Co. NA increased its position in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after buying an additional 360 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $75,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Up 2.2 %

Shares of TWLO opened at $88.29 on Wednesday. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a fifty day moving average of $107.45 and a two-hundred day moving average of $103.06. 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 company has a market capitalization of $13.48 billion, a PE ratio of -137.95, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

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

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,471 shares of company stock valued at $2,344,149. Insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Monness Crespi & Hardt lifted their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Tigress Financial raised their target price on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. JMP Securities restated a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a research report on Friday, February 14th. Finally, StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.26.

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.