Virtue Capital Management LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Virtue Capital Management LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,756 shares of the technology company's stock, valued at approximately $1,054,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TWLO. JFS Wealth Advisors LLC grew its holdings in Twilio by 244.0% in the fourth 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 last quarter. Parkside Financial Bank & Trust grew its stake in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in Twilio during the 4th quarter valued at about $44,000. Private Trust Co. NA lifted its holdings 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 valued at $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Performance

Shares of TWLO traded up $0.74 during mid-day trading on Friday, hitting $117.97. The stock had a trading volume of 2,757,890 shares, compared to its average volume of 2,681,009. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $18.01 billion, a PE ratio of -184.33, a PEG ratio of 4.30 and a beta of 1.44. The company's fifty day simple moving average is $99.68 and its two-hundred day simple moving average is $109.47.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.22. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. HSBC raised Twilio from a "reduce" rating to a "hold" rating and raised their price target for the stock from $77.00 to $99.00 in a research report on Monday, May 5th. UBS Group reduced their price objective on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price objective on Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Finally, Scotiabank upped their target price on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,924 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $112.75, for a total value of $216,931.00. Following the sale, the chief financial officer now owns 165,982 shares of the company's stock, valued at $18,714,470.50. This trade represents a 1.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,784 shares of company stock valued at $4,226,942. 4.50% of the stock is currently owned by insiders.

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.