Harbour Investments Inc. Boosts Stake in Twilio Inc. (NYSE:TWLO)

Harbour Investments Inc. boosted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,061 shares of the technology company’s stock after acquiring an additional 135 shares during the period. Harbour Investments Inc.’s holdings in Twilio were worth $439,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Twilio by 41.8% in the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock valued at $2,537,000 after purchasing an additional 11,472 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Twilio by 5.3% in the 3rd quarter. CIBC Asset Management Inc now owns 6,421 shares of the technology company’s stock valued at $419,000 after buying an additional 325 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Twilio in the 3rd quarter worth $253,000. Caprock Group LLC raised its holdings in shares of Twilio by 152.2% during the 3rd quarter. Caprock Group LLC now owns 11,038 shares of the technology company’s stock worth $720,000 after acquiring an additional 6,661 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Twilio during the 3rd quarter valued at about $280,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Needham & Company LLC raised their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Barclays upped their price objective on Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group raised their target price on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Oppenheimer upped their price target on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. 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. Based on data from MarketBeat, Twilio currently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, 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 valued at $2,441,324. Insiders own 4.50% of the company’s stock.

Twilio Trading Down 1.2 %

TWLO opened at $101.74 on Friday. The business has a fifty day moving average price of $121.41 and a 200 day moving average price of $98.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of -158.97, a PEG ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last announced 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 for 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%. Sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.