Twilio Inc. (NYSE:TWLO) Position Increased by American Trust

American Trust raised its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 127.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,811 shares of the technology company's stock after purchasing an additional 4,371 shares during the quarter. American Trust's holdings in Twilio were worth $844,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its stake in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Twilio in the 4th quarter worth approximately $44,000. Private Trust Co. NA increased its holdings in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after acquiring an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Twilio during the 4th quarter valued at approximately $75,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TWLO shares. Morgan Stanley decreased their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Mizuho decreased their price target on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Piper Sandler boosted their price objective on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Twilio in a report on Friday, May 16th. Finally, Robert W. Baird lowered their target price on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.41.

Twilio Price Performance

TWLO traded down $1.47 on Friday, reaching $115.76. The company had a trading volume of 693,719 shares, compared to its average volume of 2,672,965. The company has a market capitalization of $17.67 billion, a P/E ratio of -180.76, a PEG ratio of 4.30 and a beta of 1.44. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $99.44 and a 200-day moving average of $109.32. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the firm posted $0.80 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 8,735 shares of Twilio stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $800,213.35. Following the transaction, the chief financial officer now owns 167,905 shares in the company, valued at approximately $15,381,777.05. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,784 shares of company stock worth $4,226,942. 4.50% of the stock is owned by company 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.