42,943 Shares in Twilio Inc. (NYSE:TWLO) Bought by Consolidated Planning Corp

Consolidated Planning Corp acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 42,943 shares of the technology company's stock, valued at approximately $4,205,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. bought a new stake in shares of Twilio in the first quarter worth about $37,000. CX Institutional bought a new stake in shares of Twilio in the first quarter worth about $39,000. Parkside Financial Bank & Trust grew its stake in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 166 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of Twilio by 1,778.6% in the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock worth $52,000 after purchasing an additional 498 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho cut their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the company a "hold" rating in a research report on Sunday, June 15th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a research report on Tuesday, April 29th. Morgan Stanley cut their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research 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 research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.39.

Twilio Stock Up 3.3%

NYSE TWLO traded up $3.87 during mid-day trading on Tuesday, reaching $121.63. The stock had a trading volume of 1,636,889 shares, compared to its average volume of 2,627,729. Twilio Inc. has a 1 year low of $54.33 and a 1 year high of $151.95. The stock has a market cap of $18.57 billion, a PE ratio of -579.20, a price-to-earnings-growth ratio of 3.66 and a beta of 1.30. The company has a fifty day moving average price of $108.87 and a 200 day moving average price of $111.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78.

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

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares of the company's stock, valued at $16,936,243.20. The trade was a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director now directly owns 33,488 shares of the company's stock, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,884 shares of company stock worth $4,719,065. Insiders own 4.50% of the company's stock.

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.