CoreCap Advisors LLC Has $304,000 Position in Twilio Inc. (NYSE:TWLO)

CoreCap Advisors LLC boosted its position in Twilio Inc. (NYSE:TWLO) by 195.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,809 shares of the technology company’s stock after purchasing an additional 1,859 shares during the period. CoreCap Advisors LLC’s holdings in Twilio were worth $304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after buying an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of Twilio in the fourth quarter valued at about $301,258,000. Norges Bank acquired a new stake in shares of Twilio in the fourth quarter valued at about $222,146,000. Northern Trust Corp increased its stake in shares of Twilio by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company’s stock valued at $119,855,000 after buying an additional 96,010 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after buying an additional 99,786 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TWLO. Needham & Company LLC decreased their target price on Twilio from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. JMP Securities reaffirmed a “market outperform” rating and set a $165.00 target price on shares of Twilio in a research note on Tuesday, April 29th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $75.00 target price on shares of Twilio in a research note on Wednesday, March 19th. Piper Sandler raised their target price on Twilio from $106.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Barclays raised their target price on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Twilio has an average rating of “Moderate Buy” and an average price target of $124.41.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at approximately $16,936,243.20. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction 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 sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock valued at $2,344,149 over the last 90 days. Insiders own 0.21% of the company’s stock.

Twilio Stock Up 0.5%

Shares of NYSE:TWLO opened at $105.71 on Monday. 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 quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The business’s 50 day moving average is $95.98 and its 200 day moving average is $106.51.

Twilio (NYSE:TWLO) last announced its earnings results 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. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Twilio’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.