Alpha Cubed Investments LLC Boosts Stake in Twilio Inc. (NYSE:TWLO)

Alpha Cubed Investments LLC increased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 53.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,866 shares of the technology company's stock after buying an additional 5,896 shares during the quarter. Alpha Cubed Investments LLC's holdings in Twilio were worth $1,651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. Brighton Jones LLC grew its stake in shares of Twilio by 6.6% in the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock valued at $1,086,000 after purchasing an additional 623 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Twilio in the 4th quarter valued at $97,000. US Bancorp DE increased its stake in Twilio by 23.4% in the 4th quarter. US Bancorp DE now owns 5,907 shares of the technology company's stock valued at $638,000 after buying an additional 1,120 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Twilio by 57.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 985 shares of the technology company's stock worth $107,000 after acquiring an additional 361 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Twilio by 778.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,186 shares of the technology company's stock valued at $128,000 after acquiring an additional 1,051 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TWLO. Tigress Financial reissued a "buy" rating and set a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. Wells Fargo & Company reduced their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen downgraded shares of Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Robert W. Baird decreased 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, Morgan Stanley lowered their target price on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $126.39.

Insider Activity at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction on 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 approximately $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares in the company, valued at $32,450,151.93. The trade was a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,996 shares of company stock worth $4,190,814 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Twilio Stock Up 3.3%

TWLO stock opened at $120.41 on Monday. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $114.21 and a 200-day simple moving average of $111.87. The company has a market capitalization of $18.38 billion, a P/E ratio of -573.38, a PEG ratio of 3.74 and a beta of 1.30. Twilio Inc. has a twelve month low of $55.38 and a twelve month high of $151.95.

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

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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