Meeder Asset Management Inc. Acquires Shares of 7,072 Twilio Inc. (NYSE:TWLO)

Meeder Asset Management Inc. bought a new position in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,072 shares of the technology company’s stock, valued at approximately $764,000.

A number of other hedge funds have also made changes to their positions in the company. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio during the 4th quarter worth about $44,000. Finally, Private Trust Co. NA increased its position in Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling

In other Twilio news, 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 sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,277 shares of company stock valued at $2,441,324. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TWLO shares. JPMorgan Chase & Co. increased their price target on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Stifel Nicolaus boosted their target price on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Oppenheimer upped their price target on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Needham & Company LLC upped their target price on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

Twilio Stock Down 0.8 %

Shares of Twilio stock opened at $98.20 on Tuesday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market capitalization of $14.99 billion, a P/E ratio of -153.44, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The business has a 50-day moving average of $120.28 and a two-hundred day moving average of $101.24.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current 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.