Rakuten Securities Inc. Acquires Shares of 2,373 Twilio Inc. (NYSE:TWLO)

Rakuten Securities Inc. acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,373 shares of the technology company’s stock, valued at approximately $180,000.

A number of other large investors have also recently added to or reduced their stakes in TWLO. Synovus Financial Corp lifted its position in shares of Twilio by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock worth $279,000 after buying an additional 306 shares during the last quarter. Pearl River Capital LLC lifted its position in shares of Twilio by 363.2% in the 3rd quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock worth $1,793,000 after buying an additional 24,026 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Twilio by 10.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after buying an additional 113,042 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of Twilio in the 3rd quarter worth about $4,738,000. Finally, New York Life Investment Management LLC lifted its position in shares of Twilio by 70.9% in the 3rd quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock worth $1,295,000 after buying an additional 9,180 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at approximately $10,529,034.01. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock valued at $1,910,447 in the last quarter. Insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 6th. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research report on Thursday, February 15th. Jefferies Financial Group cut their price objective on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. The Goldman Sachs Group lifted their price objective on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Finally, Robert W. Baird lifted their price objective on shares of Twilio from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.90.

Twilio Stock Down 0.7 %

Twilio stock opened at $58.73 on Thursday. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of -10.60 and a beta of 1.35. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $61.26 and its two-hundred day moving average price is $63.92. Twilio Inc. has a 52 week low of $45.02 and a 52 week high of $78.16.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. On average, analysts expect that Twilio Inc. will post -0.11 EPS for the current fiscal 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.