Toronto Dominion Bank Purchases 71,047 Shares of Twilio Inc. (NYSE:TWLO)

Toronto Dominion Bank boosted its position in shares of Twilio Inc. (NYSE:TWLO) by 341.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,834 shares of the technology company’s stock after buying an additional 71,047 shares during the period. Toronto Dominion Bank’s holdings in Twilio were worth $9,925,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $943,000 after acquiring an additional 85 shares in the last quarter. Allworth Financial LP increased its position in Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after purchasing an additional 94 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Twilio by 10.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after purchasing an additional 104 shares in the last quarter. Freestone Capital Holdings LLC lifted its position in Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock valued at $423,000 after purchasing an additional 124 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Twilio by 3.4% in the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company’s stock worth $439,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now owns 184,164 shares of the company’s stock, valued at $21,630,061.80. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,284 shares of company stock valued at $4,520,567 over the last quarter. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TWLO shares. Barclays upped their target price on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Scotiabank boosted their price objective on Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. UBS Group dropped their target price on Twilio from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Robert W. Baird cut their target price on Twilio from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Twilio currently has a consensus rating of “Moderate Buy” and an average price target of $124.41.

Twilio Stock Up 1.1%

Shares of TWLO opened at $117.43 on Wednesday. The firm has a fifty day moving average price of $97.50 and a 200-day moving average price of $108.24. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $17.92 billion, a P/E ratio of -183.48, a P/E/G ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

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

About Twilio

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.