Vanguard Group Inc. Purchases 241,738 Shares of Twilio Inc. (NYSE:TWLO)

Vanguard Group Inc. increased its holdings in Twilio Inc. (NYSE:TWLO) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,809,573 shares of the technology company’s stock after buying an additional 241,738 shares during the quarter. Vanguard Group Inc. owned 9.84% of Twilio worth $1,351,212,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new stake in shares of Twilio during the 4th quarter valued at $25,000. Truvestments Capital LLC boosted its position in shares of Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after acquiring an additional 247 shares during the last quarter. Blue Trust Inc. increased its holdings in Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after acquiring an additional 564 shares during the last quarter. Friedenthal Financial bought a new position in shares of Twilio during the 4th quarter valued at about $46,000. Finally, Fifth Third Bancorp bought a new stake in shares of Twilio in the fourth quarter worth about $49,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Stock Performance

Shares of Twilio stock opened at $53.02 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The firm has a fifty day moving average price of $59.06 and a 200 day moving average price of $64.36. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equities research analysts anticipate that Twilio Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Sanford C. Bernstein reduced their price objective on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 8th. The Goldman Sachs Group upped their price objective on Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Oppenheimer reiterated an “outperform” rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, April 17th. UBS Group cut their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Finally, Macquarie cut their price target on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $69.20.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,130 shares of Twilio stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.14, for a total value of $256,638.20. Following the sale, the insider now owns 167,614 shares in the company, valued at $10,415,533.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Aidan Viggiano sold 6,633 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.12, for a total transaction of $412,041.96. Following the transaction, the chief financial officer now directly owns 234,411 shares in the company, valued at $14,561,611.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,130 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.14, for a total transaction of $256,638.20. Following the transaction, the insider now owns 167,614 shares in the company, valued at $10,415,533.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,349 shares of company stock valued at $3,120,046. Corporate insiders own 4.50% of the company’s stock.

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.