Uniting Wealth Partners LLC Invests $432,000 in Twilio Inc. (NYSE:TWLO)

Uniting Wealth Partners LLC purchased a new position in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the technology company’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after acquiring an additional 2,864,235 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Norges Bank acquired a new position in shares of Twilio during the 4th quarter worth $222,146,000. Bank of New York Mellon Corp lifted its position in shares of Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after buying an additional 99,786 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Twilio by 0.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after buying an additional 4,061 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TWLO. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Stifel Nicolaus lifted their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Tigress Financial increased their price objective on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Monness Crespi & Hardt upped their price target on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Barclays lifted their price objective on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.35.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the 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 sale, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,857 shares of company stock valued at $4,318,654. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Up 2.6 %

TWLO stock opened at $100.71 on Thursday. The firm has a market capitalization of $15.37 billion, a PE ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.50. 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 Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock’s 50 day moving average is $119.72 and its 200-day moving average is $101.51.

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 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 the consensus estimate of $1.19 billion. Sell-side analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal 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.