Counterpoint Mutual Funds LLC Buys Shares of 17,252 Twilio Inc. (NYSE:TWLO)

Counterpoint Mutual Funds LLC bought a new position in Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,252 shares of the technology company’s stock, valued at approximately $1,865,000. Twilio comprises 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 14th biggest holding.

A number of other hedge funds also recently made changes to their positions in TWLO. Sumitomo Mitsui Trust Group Inc. grew its position in Twilio by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company’s stock worth $24,507,000 after acquiring an additional 3,238 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Twilio by 41.8% during the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock worth $2,537,000 after purchasing an additional 11,472 shares during the last quarter. KBC Group NV grew its holdings in shares of Twilio by 67.4% during the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 9,140 shares during the last quarter. Huntington National Bank raised its holdings in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after buying an additional 532 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after buying an additional 182 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $165.00 price target on shares of Twilio in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Scotiabank increased their price target on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Finally, Stifel Nicolaus increased their target price on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Twilio presently has an average rating of “Moderate Buy” and an average target price of $134.26.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred 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 in the company, 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. Over the last 90 days, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by corporate insiders.

Twilio Stock Up 4.2 %

Twilio stock opened at $98.90 on Monday. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of -154.53, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm’s fifty day moving average price is $122.22 and its two-hundred day moving average price is $98.00. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last released its quarterly 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). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Twilio 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.