Bay Rivers Group Invests $208,000 in Twilio Inc. (NYSE:TWLO)

Bay Rivers Group purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,126 shares of the technology company's stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWLO. JFS Wealth Advisors LLC grew its holdings in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of 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 in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Twilio in the 4th quarter valued at about $44,000. Private Trust Co. NA grew 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 in the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of Twilio by 1,778.6% in the 1st quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after acquiring an additional 498 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TWLO. Wells Fargo & Company decreased their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada reiterated an "underperform" rating and set a $75.00 price target on shares of Twilio in a report on Wednesday, March 19th. Tigress Financial reiterated a "buy" rating and set a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. Finally, Barclays lifted their price target on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Twilio has an average rating of "Moderate Buy" and an average price target of $125.35.

Twilio Price Performance

Shares of NYSE TWLO traded up $1.06 during midday trading on Friday, reaching $121.86. The company's stock had a trading volume of 1,696,228 shares, compared to its average volume of 2,682,433. 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 Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The business's 50 day moving average price is $101.65 and its two-hundred day moving average price is $110.39. The company has a market cap of $18.60 billion, a P/E ratio of -190.41, a P/E/G ratio of 4.30 and a beta of 1.30.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The firm's quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were 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 directly owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 8,735 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $800,213.35. Following the transaction, the chief financial officer now owns 167,905 shares of the company's stock, valued at approximately $15,381,777.05. This represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,884 shares of company stock worth $4,719,065. Corporate insiders own 0.21% of the company's stock.

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.