Mackenzie Financial Corp Buys 1,624 Shares of Twilio Inc. (NYSE:TWLO)

Mackenzie Financial Corp increased its stake in Twilio Inc. (NYSE:TWLO) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,635 shares of the technology company’s stock after purchasing an additional 1,624 shares during the quarter. Mackenzie Financial Corp’s holdings in Twilio were worth $731,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

TWLO has been the topic of several research reports. Stifel Nicolaus reduced their target price on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 target price on shares of Twilio in a report on Wednesday, March 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, April 17th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group lifted their price target on Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $68.90.

Twilio Price Performance

Shares of TWLO stock opened at $60.01 on Friday. The business’s fifty day simple moving average is $60.06 and its 200-day simple moving average is $63.98. 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. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. As a group, analysts expect that Twilio Inc. will post -0.11 earnings per share for the current year.

Insider Transactions at Twilio

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

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.