Picton Mahoney Asset Management Has $9.57 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Picton Mahoney Asset Management increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 465,868.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,534 shares of the technology company’s stock after buying an additional 88,515 shares during the period. Picton Mahoney Asset Management owned 0.06% of Twilio worth $9,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWLO. True Wealth Design LLC lifted its position in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying 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 valued at $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust lifted its position in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new position in Twilio during the 4th quarter valued at about $44,000. Finally, Brooklyn Investment Group acquired a new position in Twilio during the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a document filed 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 on Monday, January 6th. The shares were 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 directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is owned by insiders.

Twilio Trading Up 4.2 %

NYSE TWLO opened at $98.90 on Friday. The company has a market cap of $15.10 billion, a PE ratio of -154.53, a PEG ratio of 4.30 and a beta of 1.47. 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 Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock has a 50 day moving average of $122.22 and a 200-day moving average of $97.50.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company had revenue of $1.19 billion during 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 anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of research reports. Monness Crespi & Hardt upped their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research report on Friday, February 14th. Wells Fargo & Company increased their price target on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research report on Tuesday, January 21st. Finally, Oppenheimer increased their price target on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $134.26.

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.