US Bancorp DE Acquires 1,120 Shares of Twilio Inc. (NYSE:TWLO)

US Bancorp DE lifted its holdings in Twilio Inc. (NYSE:TWLO) by 23.4% in the fourth quarter, HoldingsChannel reports. The fund owned 5,907 shares of the technology company’s stock after buying an additional 1,120 shares during the period. US Bancorp DE’s holdings in Twilio were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP grew its position in shares of Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after buying an additional 94 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after purchasing an additional 104 shares during the period. Tidal Investments LLC lifted its stake in shares of Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the period. Covestor Ltd increased its holdings in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after acquiring an additional 148 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Up 1.6 %

Shares of NYSE:TWLO opened at $100.13 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $15.36 billion, a PE ratio of -156.46, a PEG ratio of 4.30 and a beta of 1.47. The business has a 50 day moving average of $122.90 and a two-hundred day moving average of $97.21. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

TWLO has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. Oppenheimer lifted their target price on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. UBS Group lifted their price objective on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Finally, Needham & Company LLC lifted their target price on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is currently owned by 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.