Schroder Investment Management Group Buys 509,153 Shares of Twilio Inc. (NYSE:TWLO)

Schroder Investment Management Group boosted its position in Twilio Inc. (NYSE:TWLO) by 3,999.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 521,882 shares of the technology company’s stock after purchasing an additional 509,153 shares during the quarter. Schroder Investment Management Group owned approximately 0.34% of Twilio worth $56,687,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans acquired a new stake in shares of Twilio in the 3rd quarter worth $253,000. The Manufacturers Life Insurance Company boosted its holdings in Twilio by 151.7% in the third quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company’s stock worth $2,820,000 after acquiring an additional 26,062 shares in the last quarter. Townsquare Capital LLC boosted its holdings in Twilio by 31.2% in the third quarter. Townsquare Capital LLC now owns 4,970 shares of the technology company’s stock worth $324,000 after acquiring an additional 1,183 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Twilio by 2.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,919 shares of the technology company’s stock worth $4,038,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Twilio by 19.7% during the third quarter. Captrust Financial Advisors now owns 21,357 shares of the technology company’s stock valued at $1,393,000 after acquiring an additional 3,514 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TWLO. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Tuesday. Needham & Company LLC increased their price objective on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Monness Crespi & Hardt lifted their target price on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.35.

Twilio Stock Down 0.8 %

TWLO stock opened at $98.20 on Tuesday. 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 simple moving average of $120.28 and a 200-day simple moving average of $101.24. The stock has a market capitalization of $14.99 billion, a P/E ratio of -153.44, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last posted 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). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is owned by insiders.

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.