Parametrica Management Ltd Acquires New Stake in Twilio Inc. (NYSE:TWLO)

Parametrica Management Ltd bought a new position in shares of Twilio Inc. (NYSE:TWLO) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,230 shares of the technology company’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its position in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Twilio by 79.4% during the 4th 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 position in Twilio in the 4th quarter valued at approximately $44,000. True Wealth Design LLC grew its stake in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after acquiring an additional 360 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Performance

NYSE TWLO opened at $105.96 on Wednesday. The business’s 50-day moving average price is $121.24 and its 200 day moving average price is $100.05. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $16.17 billion, a P/E ratio of -165.56, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

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

Analyst Ratings Changes

TWLO has been the subject of several analyst reports. Needham & Company LLC boosted their target price on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Monness Crespi & Hardt upped their target price on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada restated an “underperform” rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. Finally, StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.35.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the 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 completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by insiders.

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.