AQR Capital Management LLC Acquires 1,006,391 Shares of Twilio Inc. (NYSE:TWLO)

AQR Capital Management LLC grew its holdings in shares of Twilio Inc. (NYSE:TWLO) by 736.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,142,967 shares of the technology company’s stock after purchasing an additional 1,006,391 shares during the quarter. AQR Capital Management LLC owned about 0.71% of Twilio worth $63,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Advisory Services Network LLC bought a new stake in Twilio during the fourth quarter worth approximately $169,000. TD Asset Management Inc boosted its holdings in shares of Twilio by 12.3% during the 4th quarter. TD Asset Management Inc now owns 41,623 shares of the technology company’s stock worth $3,158,000 after buying an additional 4,552 shares during the period. Allianz Asset Management GmbH grew its stake in Twilio by 36.6% in the 4th quarter. Allianz Asset Management GmbH now owns 20,061 shares of the technology company’s stock valued at $1,522,000 after buying an additional 5,377 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Twilio by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,294 shares of the technology company’s stock worth $5,864,000 after acquiring an additional 740 shares during the period. Finally, Scotia Capital Inc. lifted its position in Twilio by 37.0% during the 4th quarter. Scotia Capital Inc. now owns 5,660 shares of the technology company’s stock worth $429,000 after acquiring an additional 1,529 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 591 shares of Twilio stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the transaction, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the sale, the chief financial officer now owns 184,570 shares in the company, valued at $11,382,431.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 591 shares of Twilio stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The disclosure for this sale can be found here. Insiders have sold a total of 47,030 shares of company stock worth $2,677,475 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TWLO. Wells Fargo & Company raised their price target on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. increased their price objective on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Finally, Barclays cut their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.52.

Twilio Trading Up 1.0 %

Shares of TWLO opened at $64.68 on Friday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a market cap of $11.07 billion, a PE ratio of -16.13, a PEG ratio of 3.59 and a beta of 1.35. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The stock has a 50 day simple moving average of $60.29 and a 200-day simple moving average of $59.50.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned ($0.23) earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

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.