Cable Hill Partners LLC Acquires New Position in Twilio Inc. (NYSE:TWLO)

Cable Hill Partners LLC acquired a new stake in 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 2,124 shares of the technology company’s stock, valued at approximately $230,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its position in shares of Twilio by 1,267.3% during 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 during the period. Bank of New York Mellon Corp lifted its position in shares of Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after acquiring an additional 99,786 shares during the period. IFP Advisors Inc lifted its position in shares of Twilio by 300.5% during the 4th quarter. IFP Advisors Inc now owns 1,754 shares of the technology company’s stock valued at $190,000 after acquiring an additional 1,316 shares during the period. Integral Investment Advisors Inc. acquired a new stake in shares of Twilio during the 4th quarter valued at approximately $314,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Twilio during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 1.7 %

Shares of TWLO opened at $117.18 on Friday. The firm has a market cap of $17.97 billion, a PE ratio of -183.09, a price-to-earnings-growth ratio of 4.30 and a beta of 1.42. The company’s fifty day moving average is $122.83 and its two-hundred day moving average is $93.94. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two 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.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TWLO. Stifel Nicolaus lifted their price target on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $144.00 to $160.00 in a research note on Monday. Needham & Company LLC raised their price objective on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Jefferies Financial Group raised their price objective on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Northland Securities raised their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on 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. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,906 shares of company stock worth $2,950,514 in the last quarter. 4.50% of the stock is owned by insiders.

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.