Twilio Inc. (NYSE:TWLO) Shares Acquired by Shariaportfolio Inc.

Shariaportfolio Inc. increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 45.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,054 shares of the technology company’s stock after acquiring an additional 5,667 shares during the period. Twilio comprises 0.6% of Shariaportfolio Inc.’s holdings, making the stock its 24th largest position. Shariaportfolio Inc.’s holdings in Twilio were worth $1,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TWLO. Vanguard Group Inc. raised its stake in Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Norges Bank purchased a new position in shares of Twilio in the fourth quarter worth about $179,739,000. Dimensional Fund Advisors LP boosted its position in Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after acquiring an additional 224,040 shares during the last quarter. Kodai Capital Management LP grew its stake in Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after acquiring an additional 761,356 shares in the last quarter. Finally, Dorsal Capital Management LP grew its stake in Twilio by 4.5% during the 4th quarter. Dorsal Capital Management LP now owns 1,150,000 shares of the technology company’s stock valued at $87,250,000 after acquiring an additional 50,000 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 11,241 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.29, for a total value of $632,755.89. Following the completion of the sale, the chief executive officer now owns 300,084 shares in the company, valued at approximately $16,891,728.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Khozema Shipchandler sold 11,241 shares of Twilio stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the transaction, the chief executive officer now owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 6,797 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $56.33, for a total value of $382,875.01. Following the completion of the sale, the chief financial officer now directly owns 195,048 shares in the company, valued at $10,987,053.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,030 shares of company stock valued at $2,677,475. 4.50% of the stock is owned by company insiders.

Twilio Stock Performance

Shares of TWLO stock opened at $60.10 on Wednesday. The stock has a market capitalization of $10.29 billion, a PE ratio of -14.99, a price-to-earnings-growth ratio of 3.37 and a beta of 1.35. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The stock’s 50-day moving average price is $59.63 and its 200 day moving average price is $59.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted ($0.23) EPS. The company’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts forecast that Twilio Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

TWLO has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and set a $83.00 target price (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $70.00 to $60.00 in a report on Friday, June 14th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Wells Fargo & Company upped their price objective on shares of Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, Barclays reduced their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio presently has an average rating of “Hold” and an average price target of $70.52.

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.