5,425 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new stake in Twilio Inc. (NYSE:TWLO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,425 shares of the technology company’s stock, valued at approximately $308,000.

A number of other institutional investors have also recently bought and sold shares of TWLO. Vanguard Group Inc. boosted its position in shares of Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Norges Bank acquired a new position in Twilio in the fourth quarter valued at about $179,739,000. Dimensional Fund Advisors LP lifted its stake in Twilio by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after buying an additional 224,040 shares during the period. Kodai Capital Management LP boosted its holdings in Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares during the last quarter. Finally, Dorsal Capital Management LP grew its position in shares of Twilio by 4.5% during the 4th quarter. Dorsal Capital Management LP now owns 1,150,000 shares of the technology company’s stock worth $87,250,000 after buying an additional 50,000 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TWLO. JPMorgan Chase & Co. increased their price target on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Wells Fargo & Company raised their price objective on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.52.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the sale, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Dana Wagner sold 591 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the transaction, the insider now owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,931 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the transaction, the chief financial officer now directly owns 184,570 shares in the company, valued at $11,382,431.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,030 shares of company stock valued at $2,677,475. 4.50% of the stock is owned by corporate insiders.

Twilio Trading Up 0.6 %

Twilio stock opened at $60.49 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The firm has a 50-day moving average of $59.72 and a 200-day moving average of $59.36. The company has a market cap of $9.71 billion, a price-to-earnings ratio of -15.08, a P/E/G ratio of 3.43 and a beta of 1.35. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) earnings per share. On average, equities analysts expect that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

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.