Rakuten Securities Inc. Buys 817 Shares of Twilio Inc. (NYSE:TWLO)

Rakuten Securities Inc. grew its stake in shares of Twilio Inc. (NYSE:TWLO) by 117.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,510 shares of the technology company’s stock after acquiring an additional 817 shares during the period. Rakuten Securities Inc.’s holdings in Twilio were worth $163,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. US Bancorp DE raised its stake in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after acquiring an additional 217 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Twilio by 56.1% in the third quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company’s stock worth $1,987,000 after purchasing an additional 10,954 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Twilio by 6.0% in the third quarter. Van ECK Associates Corp now owns 4,949 shares of the technology company’s stock valued at $349,000 after purchasing an additional 282 shares during the period. Covestor Ltd lifted its stake in shares of Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after buying an additional 148 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Twilio in the 3rd quarter worth approximately $2,168,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade 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 hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the company’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 sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TWLO shares. Monness Crespi & Hardt increased their target price on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Barclays raised their target price on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price target on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, UBS Group raised their price objective on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Twilio Price Performance

TWLO stock opened at $102.75 on Thursday. The firm has a market cap of $15.76 billion, a P/E ratio of -160.54, a P/E/G ratio of 4.30 and a beta of 1.47. The firm’s fifty day moving average is $122.79 and its 200 day moving average is $97.25. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.19 billion. Research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current 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.