Twilio Inc. (NYSE:TWLO) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in Twilio Inc. (NYSE:TWLO) by 1,418.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 201,477 shares of the technology company’s stock after buying an additional 188,211 shares during the quarter. Assenagon Asset Management S.A. owned about 0.13% of Twilio worth $19,727,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Twilio during the 4th quarter valued at approximately $301,258,000. Norges Bank acquired a new stake in Twilio during the 4th quarter valued at approximately $222,146,000. Two Sigma Investments LP grew its stake 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 purchasing an additional 1,048,619 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in Twilio during the 4th quarter valued at approximately $111,312,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 7,524 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares of the company’s stock, valued at approximately $16,936,243.20. The trade was a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the completion of the sale, the chief executive officer now directly owns 280,589 shares in the company, valued at $25,704,758.29. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock valued at $4,719,065 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Twilio Trading Down 2.2%

Shares of NYSE TWLO opened at $113.31 on Friday. The company has a market cap of $17.30 billion, a price-to-earnings ratio of -177.04, a price-to-earnings-growth ratio of 4.30 and a beta of 1.30. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. 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 stock’s 50 day simple moving average is $104.66 and its 200 day simple moving average is $110.76.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.22. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. Equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TWLO shares. Wells Fargo & Company lowered their price objective on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus raised their price objective on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. The Goldman Sachs Group raised their price objective on Twilio from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Jefferies Financial Group decreased their target price on Twilio from $145.00 to $108.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Finally, Scotiabank lifted their target price on Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.35.

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.