Ensign Peak Advisors Inc Purchases 89,512 Shares of Twilio Inc. (NYSE:TWLO)

Ensign Peak Advisors Inc lifted its position in Twilio Inc. (NYSE:TWLO) by 38.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,710 shares of the technology company’s stock after acquiring an additional 89,512 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Twilio were worth $35,095,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its holdings 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 valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in Twilio during the fourth quarter worth $44,000. Private Trust Co. NA boosted its position in Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after acquiring an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Twilio in the 4th quarter valued at $75,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,471 shares of company stock valued at $2,344,149. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. William Blair restated an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Royal Bank of Canada reiterated an “underperform” rating and set a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. JMP Securities reissued a “market outperform” rating and set a $165.00 target price on shares of Twilio in a research report on Tuesday, April 29th. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.41.

Twilio Stock Performance

Shares of NYSE TWLO opened at $105.71 on Friday. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of -165.17, a PEG ratio of 4.30 and a beta of 1.44. The company has a 50 day simple moving average of $95.98 and a two-hundred day simple moving average of $106.27. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, 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.