Meeder Asset Management Inc. Buys New Shares in Twilio Inc. (NYSE:TWLO)

Meeder Asset Management Inc. purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, Holdings Channel reports. The fund purchased 7,072 shares of the technology company’s stock, valued at approximately $764,000.

A number of other hedge funds have also recently bought and sold shares of the stock. AIA Group Ltd bought a new position in shares of Twilio during the 4th quarter worth approximately $435,000. Wellington Management Group LLP boosted its position in Twilio by 13.0% during the fourth quarter. Wellington Management Group LLP now owns 5,937 shares of the technology company’s stock worth $642,000 after purchasing an additional 685 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Twilio by 568.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 42,913 shares of the technology company’s stock worth $4,638,000 after purchasing an additional 36,489 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Twilio by 1,811.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 26,799 shares of the technology company’s stock valued at $2,976,000 after purchasing an additional 25,397 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company’s stock worth $56,687,000 after buying an additional 509,153 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

Twilio stock opened at $98.20 on Tuesday. The stock has a fifty day moving average of $120.28 and a 200-day moving average of $101.24. The stock 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 company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on TWLO shares. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $144.00 to $160.00 in a report on Monday, February 24th. Oppenheimer increased their target price on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Scotiabank boosted 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. Piper Sandler reiterated an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, UBS Group boosted their target price on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the company’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 value of $743,979.60. Following the completion of the transaction, the chief financial officer now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock valued at $2,441,324 in the last quarter. Insiders own 4.50% of the company’s stock.

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.