Quantbot Technologies LP Buys 16,007 Shares of Twilio Inc. (NYSE:TWLO)

Quantbot Technologies LP raised its stake in Twilio Inc. (NYSE:TWLO) by 510.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,143 shares of the technology company’s stock after buying an additional 16,007 shares during the period. Quantbot Technologies LP’s holdings in Twilio were worth $2,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TWLO. Atlas Wealth LLC bought a new position in shares of Twilio during the 4th quarter valued at about $432,000. Semanteon Capital Management LP bought a new stake in Twilio in the 4th quarter worth approximately $541,000. Northwest & Ethical Investments L.P. bought a new position in Twilio during the fourth quarter valued at approximately $197,000. Teacher Retirement System of Texas raised its stake in shares of Twilio by 6.6% during the fourth quarter. Teacher Retirement System of Texas now owns 227,542 shares of the technology company’s stock worth $24,593,000 after acquiring an additional 14,109 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in shares of Twilio by 6.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 71,598 shares of the technology company’s stock worth $7,738,000 after acquiring an additional 4,471 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of several recent research reports. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. Jefferies Financial Group boosted their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. JMP Securities reissued a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research note on Friday, February 14th. Finally, Mizuho boosted their price target on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $135.35.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO opened at $103.44 on Monday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company’s 50-day moving average is $121.32 and its 200 day moving average is $99.40. The stock has a market capitalization of $15.79 billion, a P/E ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. On average, sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Twilio 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.