Versor Investments LP Boosts Position in Twilio Inc. (NYSE:TWLO)

Versor Investments LP boosted its position in Twilio Inc. (NYSE:TWLO) by 22.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,303 shares of the technology company’s stock after purchasing an additional 3,194 shares during the period. Versor Investments LP’s holdings in Twilio were worth $1,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TWLO. True Wealth Design LLC boosted its holdings in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the last quarter. JFS Wealth Advisors LLC raised its position in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Twilio during the 4th quarter worth $44,000. Brooklyn Investment Group purchased a new position in shares of Twilio during the 3rd quarter worth $46,000. Finally, Venturi Wealth Management LLC grew its position in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TWLO. Needham & Company LLC lifted their target price on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $115.00 to $160.00 in a research note on Friday, January 24th. TD Cowen boosted their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company upped their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.26.

Twilio Stock Performance

TWLO stock opened at $119.35 on Thursday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of -186.48, a PEG ratio of 4.30 and a beta of 1.42. The business’s fifty day simple moving average is $122.61 and its two-hundred day simple moving average is $93.78. 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 posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,906 shares of company stock valued at $2,950,514. 4.50% of the stock is currently owned by company insiders.

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.