Renaissance Technologies LLC Makes New Investment in Twilio Inc. $TWLO

Renaissance Technologies LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO) during the first quarter, Holdings Channel reports. The institutional investor acquired 52,000 shares of the technology company’s stock, valued at approximately $6,543,000.

Several other hedge funds have also modified their holdings of TWLO. New York State Teachers Retirement System raised its holdings in Twilio by 10.8% in the fourth quarter. New York State Teachers Retirement System now owns 116,494 shares of the technology company’s stock valued at $16,570,000 after acquiring an additional 11,370 shares in the last quarter. Fifth Third Bancorp lifted its stake in Twilio by 339.6% in the fourth quarter. Fifth Third Bancorp now owns 14,024 shares of the technology company’s stock worth $1,995,000 after acquiring an additional 10,834 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Twilio by 19.7% during the 4th quarter. Principal Financial Group Inc. now owns 596,438 shares of the technology company’s stock worth $84,837,000 after acquiring an additional 98,092 shares in the last quarter. National Pension Service increased its position in shares of Twilio by 184.4% in the 4th quarter. National Pension Service now owns 18,545 shares of the technology company’s stock valued at $2,638,000 after purchasing an additional 12,025 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $895,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Down 1.4%

Shares of NYSE:TWLO opened at $193.85 on Wednesday. The firm has a 50 day simple moving average of $202.37 and a 200-day simple moving average of $160.04. Twilio Inc. has a twelve month low of $91.84 and a twelve month high of $238.48. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $29.42 billion, a PE ratio of 302.89, a P/E/G ratio of 3.91 and a beta of 1.37.

Insider Activity at Twilio

In other news, Director Erika Rottenberg sold 2,000 shares of Twilio stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $199.01, for a total transaction of $398,020.00. Following the sale, the director owned 30,995 shares in the company, valued at approximately $6,168,314.95. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Stafman sold 1,000,000 shares of the business’s stock in a transaction dated 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 directly owned 620,000 shares of the company’s stock, valued at $114,166,800. The trade was a 61.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,802,480 shares of company stock valued at $341,620,487 over the last quarter. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Twilio from $200.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Rosenblatt Securities reissued a “buy” rating and issued a $230.00 target price on shares of Twilio in a report on Thursday, June 18th. Robert W. Baird set a $200.00 price target on Twilio in a research note on Friday, May 1st. Needham & Company LLC lifted their price target on Twilio from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, UBS Group upped their price objective on Twilio from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Twilio has an average rating of “Buy” and a consensus target price of $220.59.

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.