Bay Rivers Group Acquires Shares of 2,126 Twilio Inc. (NYSE:TWLO)

Bay Rivers Group bought a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 2,126 shares of the technology company's stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TWLO. JFS Wealth Advisors LLC lifted its holdings in Twilio by 244.0% during 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 in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Twilio during the 4th quarter valued at $44,000. Private Trust Co. NA boosted its holdings in Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after buying an additional 360 shares during the period. Finally, AdvisorNet Financial Inc increased its stake in Twilio by 1,778.6% in the 1st quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock worth $52,000 after buying an additional 498 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada restated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. William Blair reissued an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Scotiabank upped their price target on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Wall Street Zen lowered shares of Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Finally, HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and boosted their target price for the stock from $77.00 to $99.00 in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.41.

Insider Activity

In other news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the transaction, the chief financial officer now owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director now directly owns 33,488 shares of the company's stock, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,884 shares of company stock valued at $4,719,065. 0.21% of the stock is currently owned by company insiders.

Twilio Trading Up 0.9%

TWLO stock traded up $1.03 during midday trading on Thursday, reaching $120.90. 2,099,809 shares of the company traded hands, compared to its average volume of 2,682,659. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of -188.90, a P/E/G ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The business has a 50 day moving average of $100.72 and a 200-day moving average of $109.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

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 for the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company'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 company posted $0.80 EPS. As a group, sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Twilio Profile

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.