Bank of New York Mellon Corp Has $109.06 Million Stake in Twilio Inc. (NYSE:TWLO)

Bank of New York Mellon Corp increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,009,028 shares of the technology company’s stock after acquiring an additional 99,786 shares during the period. Bank of New York Mellon Corp’s holdings in Twilio were worth $109,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TWLO. Raymond James & Associates raised its holdings in shares of Twilio by 235.4% during the third quarter. Raymond James & Associates now owns 77,386 shares of the technology company’s stock worth $5,047,000 after acquiring an additional 54,310 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after buying an additional 9,141 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Twilio by 50.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 32,970 shares of the technology company’s stock valued at $2,108,000 after buying an additional 11,105 shares during the last quarter. New York State Teachers Retirement System increased its stake in Twilio by 44.3% in the 3rd quarter. New York State Teachers Retirement System now owns 16,017 shares of the technology company’s stock valued at $1,045,000 after buying an additional 4,916 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in Twilio in the 3rd quarter valued at $232,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Wells Fargo & Company lifted their price target on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Tigress Financial lifted their price target on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Stifel Nicolaus lifted their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Twilio Price Performance

Shares of Twilio stock opened at $119.91 on Friday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $123.07 and a two-hundred day simple moving average of $94.59. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of -187.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value 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. The trade was a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,906 shares of company stock worth $2,950,514 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

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.