First American Trust FSB Invests $3.12 Million in Twilio Inc. (NYSE:TWLO)

Key Points

• First American Trust FSB invested approximately $3.12 million in Twilio Inc. by purchasing 31,814 shares during the 1st quarter of 2023.
• Analysts have mixed ratings for Twilio, with a consensus price target of $126.74, indicating a "Moderate Buy" sentiment among market experts.
• Twilio reported a 13.5% increase in revenue year-over-year, with earnings per share exceeding analyst estimates by $0.17.

First American Trust FSB purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,814 shares of the technology company's stock, valued at approximately $3,115,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LRI Investments LLC purchased a new stake in Twilio in the first quarter worth $25,000. Financial Gravity Asset Management Inc. purchased a new stake in Twilio in the first quarter worth $28,000. TCTC Holdings LLC increased its stake in Twilio by 118.1% in the first quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock worth $33,000 after purchasing an additional 183 shares during the period. Cloud Capital Management LLC purchased a new stake in Twilio in the first quarter worth $34,000. Finally, UMB Bank n.a. purchased a new stake in Twilio in the first quarter worth $37,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TWLO shares. The Goldman Sachs Group increased their target price on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Mizuho cut their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley cut their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. UBS Group cut their price target on Twilio from $150.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Jefferies Financial Group set a $132.00 price target on Twilio and gave the company a "hold" rating in a research note on Sunday, June 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio has a consensus rating of "Moderate Buy" and a consensus price target of $126.74.

Insider Activity at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction that occurred 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 transaction, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,888 shares of company stock worth $6,753,409. 0.21% of the stock is owned by corporate insiders.

Twilio Trading Down 19.4%

Twilio stock opened at $98.59 on Friday. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 821.65, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The stock has a 50-day moving average price of $121.93 and a 200 day moving average price of $114.34.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. Twilio had a return on equity of 2.77% and a net margin of 0.43%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company's revenue was up 13.5% compared to the same quarter last year. Sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current 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.

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