California First Leasing Corp Takes Position in Twilio Inc. (NYSE:TWLO)

California First Leasing Corp purchased a new stake in Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,900 shares of the technology company’s stock, valued at approximately $2,475,000.

Several other large investors have also recently added to or reduced their stakes in TWLO. FMR LLC grew its holdings in shares of Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after purchasing an additional 77,436 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after acquiring an additional 444,295 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after acquiring an additional 33,824 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Twilio by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after acquiring an additional 99,786 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,906 shares of company stock worth $2,950,514 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Up 2.3 %

TWLO stock opened at $119.91 on Friday. The firm has a market cap of $18.39 billion, a PE ratio of -187.36, a PEG ratio of 4.30 and a beta of 1.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm’s 50 day moving average price is $123.07 and its 200-day moving average price is $94.36. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO) last announced its 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 firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations 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 anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Tigress Financial boosted their price objective on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Mizuho boosted their price objective on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.26.

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.