Citigroup Inc. Purchases 1,294 Shares of Twilio Inc. (NYSE:TWLO)

Citigroup Inc. boosted its position in Twilio Inc. (NYSE:TWLO) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,629 shares of the technology company’s stock after purchasing an additional 1,294 shares during the quarter. Citigroup Inc.’s holdings in Twilio were worth $14,650,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. purchased a new stake in shares of Twilio in the 4th quarter worth about $301,258,000. Two Sigma Investments LP lifted its position in Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after acquiring an additional 1,048,619 shares during the period. Whale Rock Capital Management LLC bought a new stake in Twilio during the fourth quarter worth about $111,312,000. Two Sigma Advisers LP grew its holdings in Twilio by 683.0% in the fourth quarter. Two Sigma Advisers LP now owns 935,697 shares of the technology company’s stock worth $101,130,000 after purchasing an additional 816,197 shares during the period. Finally, KBC Group NV grew its holdings in Twilio by 236.3% in the first quarter. KBC Group NV now owns 945,594 shares of the technology company’s stock worth $92,583,000 after purchasing an additional 664,420 shares during the period. Institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

NYSE TWLO opened at $100.83 on Friday. The company has a 50-day moving average price of $120.17 and a 200-day moving average price of $113.56. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $15.39 billion, a P/E ratio of 840.35, a PEG ratio of 3.25 and a beta of 1.23.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Erika Rottenberg sold 4,100 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director owned 33,488 shares of the company’s stock, valued at $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of Twilio stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer directly owned 260,581 shares in the company, valued at approximately $32,450,151.93. The trade was a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,964 shares of company stock valued at $6,536,478. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

TWLO has been the subject of several recent research reports. Robert W. Baird lowered their target price on shares of Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. HSBC raised Twilio from a “reduce” rating to a “hold” rating and raised their price objective for the company from $77.00 to $99.00 in a research report on Monday, May 5th. JMP Securities reissued a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a report on Tuesday, April 29th. KeyCorp started coverage on Twilio in a report on Friday, June 6th. They set an “overweight” rating and a $146.00 price target for the company. Finally, UBS Group lowered their price target on Twilio from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and an average target price of $126.74.

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.