Sei Investments Co. Acquires 42,902 Shares of Twilio Inc. (NYSE:TWLO)

Sei Investments Co. increased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 260.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,346 shares of the technology company’s stock after acquiring an additional 42,902 shares during the quarter. Sei Investments Co.’s holdings in Twilio were worth $6,414,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TWLO. M&T Bank Corp increased its holdings in shares of Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $943,000 after purchasing an additional 85 shares during the period. Allworth Financial LP grew its position in Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after buying an additional 94 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after acquiring an additional 104 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares during the period. Finally, Freestone Capital Holdings LLC grew its holdings in shares of Twilio by 3.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock worth $423,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 0.8 %

Shares of TWLO opened at $98.20 on Tuesday. The stock’s 50-day moving average price is $120.28 and its two-hundred day moving average price is $101.24. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a market capitalization of $14.99 billion, a PE ratio of -153.44, a PEG ratio of 4.30 and a beta of 1.47. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TWLO. JPMorgan Chase & Co. upped their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Barclays increased their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their price objective on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Monness Crespi & Hardt raised their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, JMP Securities reissued a “market outperform” rating and set a $165.00 price target on shares of Twilio in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is currently owned by insiders.

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.