Verdence Capital Advisors LLC Acquires New Shares in Twilio Inc. (NYSE:TWLO)

Verdence Capital Advisors LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,639 shares of the technology company’s stock, valued at approximately $501,000.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after acquiring an additional 444,295 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Twilio by 1,267.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company’s stock valued at $49,115,000 after acquiring an additional 421,199 shares in the last quarter. KBC Group NV grew its holdings in shares of Twilio by 1,138.4% in the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after acquiring an additional 258,469 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after acquiring an additional 193,971 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Twilio by 1,124.8% in the 4th quarter. Principal Financial Group Inc. now owns 142,602 shares of the technology company’s stock valued at $15,412,000 after acquiring an additional 130,959 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

TWLO stock opened at $108.57 on Friday. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of -169.63, a PEG ratio of 4.30 and a beta of 1.47. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company’s fifty day simple moving average is $123.32 and its 200 day simple moving average is $95.84.

Twilio (NYSE:TWLO) last announced its quarterly earnings data 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TWLO shares. Monness Crespi & Hardt raised their price objective on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised their target price on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and raised their target price for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Needham & Company LLC raised their target price on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Insider Activity

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

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.