Mackenzie Financial Corp Increases Position in Twilio Inc. (NYSE:TWLO)

Mackenzie Financial Corp grew its holdings in Twilio Inc. (NYSE:TWLO) by 20.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,635 shares of the technology company’s stock after buying an additional 1,624 shares during the period. Mackenzie Financial Corp’s holdings in Twilio were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TWLO. Truvestments Capital LLC increased its stake in shares of Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after acquiring an additional 247 shares during the period. Blue Trust Inc. grew its position in shares of Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after purchasing an additional 564 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $46,000. Fifth Third Bancorp acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $49,000. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Twilio by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 985 shares of the technology company’s stock valued at $58,000 after purchasing an additional 306 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TWLO has been the topic of several research reports. UBS Group lowered their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Robert W. Baird upped their price objective on shares of Twilio from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Wells Fargo & Company reduced their price objective on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus price target of $68.90.

Twilio Stock Performance

Shares of TWLO stock opened at $60.01 on Friday. The company’s fifty day simple moving average is $60.06 and its 200-day simple moving average is $63.98. Twilio Inc. has a 52 week low of $45.02 and a 52 week high of $78.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64.

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

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares of the company’s stock, valued at approximately $8,208,291.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The disclosure for this sale can be found here. In the last three months, insiders sold 30,958 shares of company stock valued at $1,910,447. Corporate insiders own 4.20% of the company’s stock.

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.