abrdn plc Buys 43,724 Shares of Twilio Inc. (NYSE:TWLO)

abrdn plc grew its position in Twilio Inc. (NYSE:TWLO) by 20.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,676 shares of the technology company’s stock after buying an additional 43,724 shares during the quarter. abrdn plc owned 0.14% of Twilio worth $19,474,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Synovus Financial Corp increased its stake in shares of Twilio by 6.9% in the third quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after buying an additional 306 shares during the period. Pearl River Capital LLC raised its stake in Twilio by 363.2% during the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock worth $1,793,000 after buying an additional 24,026 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Twilio by 10.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock valued at $69,372,000 after buying an additional 113,042 shares during the period. Hodges Capital Management Inc. acquired a new stake in Twilio during the 3rd quarter worth about $4,738,000. Finally, New York Life Investment Management LLC raised its position in shares of Twilio by 70.9% in the 3rd quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock worth $1,295,000 after acquiring an additional 9,180 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Trading Up 1.1 %

Shares of TWLO stock opened at $60.98 on Thursday. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $60.08 and a 200-day moving average of $64.01. Twilio Inc. has a one year low of $45.02 and a one year high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. On average, equities research analysts anticipate that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on TWLO. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 target price on shares of Twilio in a research note on Wednesday, March 6th. Oppenheimer reiterated an “outperform” rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, April 17th. Piper Sandler upgraded shares of Twilio from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $82.00 in a report on Friday, January 12th. Barclays upped their price objective on shares of Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Jefferies Financial Group reduced their target price on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.90.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares in the company, valued at approximately $10,529,034.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the sale, the chief financial officer now owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is owned by company insiders.

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.