Polar Capital Holdings Plc Invests $60.95 Million in Twilio Inc. (NYSE:TWLO)

Polar Capital Holdings Plc acquired a new stake in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 563,929 shares of the technology company’s stock, valued at approximately $60,949,000. Polar Capital Holdings Plc owned 0.37% of Twilio at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Twilio by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,902 shares of the technology company’s stock worth $1,611,000 after purchasing an additional 290 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Twilio during the 4th quarter worth about $270,000. Cooper Financial Group bought a new stake in shares of Twilio in the 4th quarter valued at about $240,000. Affinity Capital Advisors LLC bought a new stake in shares of Twilio in the 4th quarter valued at about $284,000. Finally, Accurate Wealth Management LLC acquired a new stake in shares of Twilio in the 4th quarter valued at approximately $753,000. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at approximately $16,936,243.20. This trade represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TWLO has been the subject of several recent analyst reports. Piper Sandler upped their target price on shares of Twilio from $106.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Needham & Company LLC decreased their price target on shares of Twilio from $165.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. UBS Group dropped their price objective on Twilio from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Barclays lifted their target price on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company lowered their price target on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and an average target price of $124.41.

Twilio Stock Performance

Shares of TWLO stock opened at $114.16 on Thursday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company’s fifty day simple moving average is $96.15 and its 200-day simple moving average is $106.90. The firm has a market cap of $17.42 billion, a PE ratio of -178.38, a P/E/G ratio of 4.30 and a beta of 1.44. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.