Syon Capital LLC Buys Shares of 4,900 Twilio Inc. (NYSE:TWLO)

Syon Capital LLC purchased a new stake in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,900 shares of the technology company’s stock, valued at approximately $372,000.

Several other large investors have also modified their holdings of the business. Truvestments Capital LLC increased its position in Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after purchasing an additional 247 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after buying an additional 564 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Twilio in the fourth quarter valued at approximately $46,000. Fifth Third Bancorp purchased a new position in shares of Twilio during the fourth quarter valued at approximately $49,000. Finally, EMC Capital Management acquired a new stake in Twilio during the third quarter worth approximately $87,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $60.89 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. Twilio Inc. has a one year low of $45.02 and a one year high of $78.16. The business’s 50-day simple moving average is $60.11 and its 200 day simple moving average is $64.05. The company has a market cap of $11.02 billion, a P/E ratio of -10.99 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. On average, sell-side analysts forecast that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

TWLO has been the topic of a number of recent analyst reports. Barclays increased their price target on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Robert W. Baird increased their target price on Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Piper Sandler upgraded Twilio from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $82.00 in a report on Friday, January 12th. Royal Bank of Canada reiterated an “underperform” rating and set a $50.00 price objective on shares of Twilio in a report on Wednesday, March 6th. Finally, UBS Group lowered their target price on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Twilio presently has an average rating of “Hold” and a consensus target price of $68.90.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dana Wagner sold 1,666 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the transaction, the insider now directly owns 130,456 shares in the company, valued at approximately $8,208,291.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,958 shares of company stock valued at $1,910,447. Insiders own 4.20% of the company’s stock.

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.