Advisory Services Network LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,755 shares of the technology company's stock, valued at approximately $2,135,000.
Several other hedge funds have also bought and sold shares of TWLO. Ritholtz Wealth Management acquired a new stake in Twilio in the fourth quarter valued at approximately $344,000. Bleakley Financial Group LLC acquired a new stake in Twilio in the 4th quarter valued at $230,000. Aigen Investment Management LP increased its holdings in Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after acquiring an additional 5,188 shares in the last quarter. Highland Capital Management LLC acquired a new position in Twilio during the fourth quarter worth $912,000. Finally, Moloney Securities Asset Management LLC purchased a new position in Twilio during the fourth quarter valued at $860,000. Hedge funds and other institutional investors own 84.27% of the company's stock.
Insider Buying and Selling at Twilio
In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock valued at $2,344,149 in the last three months. 4.50% of the stock is owned by corporate insiders.
Twilio Trading Down 0.3 %
Shares of Twilio stock traded down $0.29 on Thursday, reaching $85.48. The company had a trading volume of 480,517 shares, compared to its average volume of 2,628,610. The firm's 50 day moving average price is $106.25 and its two-hundred day moving average price is $102.94. 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. The firm has a market cap of $13.05 billion, a PE ratio of -133.57, a PEG ratio of 4.30 and a beta of 1.50.
Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on TWLO shares. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. Mizuho reduced their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday. Royal Bank of Canada restated an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. JMP Securities reiterated a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research report on Friday, February 14th. Finally, Stifel Nicolaus raised their price objective on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $132.13.
View Our Latest Report on TWLO
About Twilio
(
Free Report)
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.
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