OneDigital Investment Advisors LLC Acquires Shares of 3,001 Twilio Inc. (NYSE:TWLO)

OneDigital Investment Advisors LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,001 shares of the technology company's stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Horizon Financial Services LLC boosted its holdings in Twilio by 9,692.0% during the first quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company's stock worth $240,000 after buying an additional 2,423 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Twilio by 198.2% during the first quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock worth $791,000 after buying an additional 5,368 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Twilio by 9.2% during the first quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock worth $202,000 after buying an additional 174 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Twilio by 231.2% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 97,631 shares of the technology company's stock valued at $9,559,000 after purchasing an additional 68,149 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Twilio by 19.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,970 shares of the technology company's stock valued at $2,249,000 after purchasing an additional 3,763 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Stock Down 3.2%

Shares of NYSE:TWLO traded down $3.98 during trading on Wednesday, hitting $122.18. 4,484,076 shares of the company were exchanged, compared to its average volume of 2,670,193. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of -581.80, a P/E/G ratio of 3.68 and a beta of 1.30. Twilio Inc. has a fifty-two week low of $56.16 and a fifty-two week high of $151.95. The firm has a fifty day moving average price of $117.21 and a two-hundred day moving average price of $112.34. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. As a group, research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at approximately $32,450,151.93. The trade was a 7.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer directly owned 147,823 shares in the company, valued at $17,302,682.15. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,888 shares of company stock valued at $6,753,409. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TWLO shares. Mizuho cut their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. KeyCorp started coverage on Twilio in a report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective on the stock. Wells Fargo & Company cut their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley cut their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group lifted their price objective on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $127.22.

Twilio Company 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.