Sei Investments Co. Boosts Holdings in Twilio Inc. $TWLO

Sei Investments Co. raised its position in shares of Twilio Inc. (NYSE:TWLO) by 35.7% during the first quarter, HoldingsChannel reports. The fund owned 111,579 shares of the technology company’s stock after acquiring an additional 29,357 shares during the quarter. Sei Investments Co.’s holdings in Twilio were worth $14,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. bought a new stake in shares of Twilio in the 4th quarter worth about $26,000. SHP Wealth Management bought a new position in Twilio during the 4th quarter valued at about $26,000. Zions Bancorporation National Association UT purchased a new stake in Twilio in the 4th quarter worth about $29,000. Aster Capital Management DIFC Ltd purchased a new stake in Twilio in the 4th quarter worth about $29,000. Finally, Osbon Capital Management LLC bought a new stake in Twilio in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

TWLO stock opened at $191.17 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.66 and a quick ratio of 4.66. The business has a 50-day moving average price of $201.92 and a 200 day moving average price of $158.60. The company has a market capitalization of $29.01 billion, a P/E ratio of 298.71, a PEG ratio of 3.75 and a beta of 1.36. Twilio Inc. has a 1-year low of $91.84 and a 1-year high of $238.48.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, April 30th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.23. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Twilio had a net margin of 1.96% and a return on equity of 4.64%. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 EPS. As a group, equities research analysts forecast that Twilio Inc. will post 2.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TWLO shares. BTIG Research boosted their target price on Twilio from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company raised their price target on Twilio from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Stifel Nicolaus upgraded Twilio from a “hold” rating to a “buy” rating and boosted their price objective for the company from $175.00 to $260.00 in a report on Thursday, July 9th. Citizens Jmp upped their price objective on Twilio from $210.00 to $250.00 and gave the company a “market outperform” rating in a research report on Monday, July 20th. Finally, Oppenheimer increased their target price on Twilio from $200.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Twilio has a consensus rating of “Buy” and a consensus price target of $220.59.

Insider Buying and Selling at Twilio

In other news, Director Andrew Stafman sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $184.14, for a total value of $184,140,000.00. Following the completion of the sale, the director owned 620,000 shares of the company’s stock, valued at approximately $114,166,800. This represents a 61.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 14,458 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $210.43, for a total transaction of $3,042,396.94. Following the transaction, the chief executive officer owned 207,203 shares in the company, valued at approximately $43,601,727.29. This represents a 6.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,803,980 shares of company stock worth $341,898,467. 0.21% of the stock is owned by company insiders.

Twilio Company Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.