Twilio Inc. (NYSE:TWLO) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in shares of Twilio Inc. (NYSE:TWLO) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,050 shares of the technology company’s stock after purchasing an additional 629 shares during the quarter. CIBC Asset Management Inc’s holdings in Twilio were worth $762,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TWLO. Sanctuary Advisors LLC grew its position in shares of Twilio by 28.0% in the 4th quarter. Sanctuary Advisors LLC now owns 15,834 shares of the technology company’s stock worth $1,711,000 after acquiring an additional 3,463 shares in the last quarter. Principal Financial Group Inc. grew its position 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 worth $15,412,000 after acquiring an additional 130,959 shares in the last quarter. JFS Wealth Advisors LLC grew its position in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of Twilio by 9.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,053 shares of the technology company’s stock worth $438,000 after acquiring an additional 335 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 3.3 %

TWLO opened at $114.16 on Friday. Twilio Inc. has a one year low of $52.51 and a one year 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. The stock’s fifty day moving average is $122.09 and its 200-day moving average is $92.34. The company has a market capitalization of $17.51 billion, a PE ratio of -178.37, a P/E/G ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. Morgan Stanley raised their price target on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company raised their price target on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.91.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The stock was 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 directly owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,406 shares of company stock valued at $2,656,889. Corporate insiders own 4.50% of the company’s stock.

Twilio Company 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.