CreativeOne Wealth LLC Purchases Shares of 3,375 Twilio Inc. (NYSE:TWLO)

CreativeOne Wealth LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,375 shares of the technology company’s stock, valued at approximately $365,000.

A number of other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after acquiring an additional 2,864,235 shares in the last quarter. Norges Bank purchased a new position in shares of Twilio in the 4th quarter worth $222,146,000. Bank of New York Mellon Corp increased its holdings in shares of Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after buying an additional 99,786 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Twilio in the fourth quarter worth about $62,999,000. Finally, Schroder Investment Management Group increased its stake in Twilio by 3,999.9% during the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company’s stock worth $56,687,000 after acquiring an additional 509,153 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Down 1.2 %

NYSE:TWLO opened at $84.76 on Friday. The stock has a market capitalization of $12.94 billion, a price-to-earnings ratio of -132.43, a PEG ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $103.89 and a 200 day moving average of $103.47.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TWLO shares. Wells Fargo & Company boosted their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Oppenheimer lifted their price target on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Tigress Financial increased their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and upped their target price for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Finally, Mizuho dropped their price objective on Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.13.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,471 shares of company stock worth $2,344,149. Insiders own 4.50% of the company’s stock.

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.