AE Wealth Management LLC Buys New Shares in Twilio Inc. (NYSE:TWLO)

Key Points

• AE Wealth Management LLC has acquired a new stake in Twilio Inc., purchasing 2,616 shares valued at approximately $256,000 in the first quarter.
• Twilio's stock performance shows a fifty-two week range with a low of $56.16 and a high of $151.95, currently trading at $129.23.
• The company recently reported $1.14 earnings per share for the quarter, surpassing analyst expectations and showing a 12% increase in revenue year-over-year.

AE Wealth Management LLC acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,616 shares of the technology company's stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Woodward Diversified Capital LLC raised its stake in Twilio by 1.5% in the 1st quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company's stock worth $701,000 after purchasing an additional 103 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Twilio by 6.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock valued at $239,000 after purchasing an additional 140 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Twilio by 4.9% during the 1st quarter. Signaturefd LLC now owns 3,560 shares of the technology company's stock valued at $349,000 after purchasing an additional 167 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Twilio by 2.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 6,591 shares of the technology company's stock valued at $645,000 after purchasing an additional 171 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Twilio by 9.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock worth $202,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

NYSE:TWLO opened at $129.23 on Friday. The stock's fifty day moving average is $121.42 and its 200 day moving average is $113.99. Twilio Inc. has a fifty-two week low of $56.16 and a fifty-two week high of $151.95. The firm has a market capitalization of $19.73 billion, a PE ratio of -615.36, a PEG ratio of 4.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78.

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, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.80 earnings per share. The business's revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director owned 33,488 shares of the company's stock, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 13,595 shares of Twilio stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total value of $1,591,430.70. Following the sale, the chief executive officer directly owned 246,986 shares of the company's stock, valued at $28,912,181.16. This trade represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock valued at $6,753,409 over the last quarter. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. KeyCorp started coverage on shares of Twilio in a report on Friday, June 6th. They set an "overweight" rating and a $146.00 target price on the stock. Piper Sandler boosted their target price on shares of Twilio from $121.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Wall Street Zen downgraded shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Robert W. Baird lowered their price objective on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company reduced their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.

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.

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