First Trust Direct Indexing L.P. Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

First Trust Direct Indexing L.P. lifted its stake in shares of Twilio Inc. (NYSE:TWLO) by 6.9% during the fourth quarter, Holdings Channel reports. The fund owned 6,946 shares of the technology company’s stock after acquiring an additional 447 shares during the period. First Trust Direct Indexing L.P.’s holdings in Twilio were worth $527,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. New York Life Investment Management LLC grew its position in shares of Twilio by 3.1% during the fourth quarter. New York Life Investment Management LLC now owns 22,802 shares of the technology company’s stock worth $1,730,000 after acquiring an additional 683 shares during the last quarter. Andar Capital Management HK Ltd purchased a new position in Twilio during the 4th quarter worth $2,428,000. Alpha Cubed Investments LLC purchased a new stake in shares of Twilio in the fourth quarter valued at about $1,435,000. Brighton Jones LLC raised its stake in Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after acquiring an additional 185 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Twilio by 35.9% during the 4th quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock worth $217,000 after acquiring an additional 754 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analyst Ratings Changes

TWLO has been the subject of several analyst reports. TD Cowen cut their price target on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their target price on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. UBS Group cut their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Thursday, February 15th. Finally, Northland Securities cut shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a research note on Thursday, February 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Twilio has an average rating of “Hold” and an average price target of $68.90.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the transaction, the insider now owns 171,744 shares in the company, valued at approximately $9,567,858.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the transaction, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction dated 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 transaction, 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. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 over the last three months. 4.20% of the stock is owned by insiders.

Twilio Stock Performance

Shares of TWLO opened at $61.89 on Monday. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $78.16. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of -11.17 and a beta of 1.33. The business’s 50 day moving average is $60.50 and its two-hundred day moving average is $64.25.

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