Horizon Financial Services LLC Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

Horizon Financial Services LLC boosted its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 9,692.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,448 shares of the technology company's stock after purchasing an additional 2,423 shares during the quarter. Horizon Financial Services LLC's holdings in Twilio were worth $240,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its position 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 acquiring an additional 166 shares during the last quarter. UMB Bank n.a. bought a new position in shares of Twilio during the 1st quarter valued at approximately $37,000. CX Institutional bought a new position in shares of Twilio during the 1st quarter valued at approximately $39,000. Private Trust Co. NA boosted its position in shares of Twilio by 395.6% during 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, AdvisorNet Financial Inc boosted its position in shares of Twilio by 1,778.6% during 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 during the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Activity

In other news, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the transaction, the chief executive officer owned 260,581 shares in the company, valued at approximately $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 7,964 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $124.33, for a total value of $990,164.12. Following the transaction, the chief financial officer owned 156,120 shares in the company, valued at approximately $19,410,399.60. This represents a 4.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,996 shares of company stock worth $4,190,814. Company insiders own 0.21% of the company's stock.

Twilio Stock Up 3.3%

Shares of Twilio stock traded up $3.90 during trading on Friday, hitting $120.41. 1,607,202 shares of the stock traded hands, compared to its average volume of 2,631,933. The firm has a market cap of $18.38 billion, a P/E ratio of -573.38, a price-to-earnings-growth ratio of 3.62 and a beta of 1.30. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $55.38 and a 52-week high of $151.95. The stock's fifty day simple moving average is $113.71 and its 200 day simple moving average is $111.71.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TWLO shares. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Royal Bank Of Canada restated an "underperform" rating and issued a $75.00 price target on shares of Twilio in a research report on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Twilio in a research report on Friday, May 16th. KeyCorp began coverage on Twilio in a research report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target for the company. Finally, Tigress Financial restated a "buy" rating and issued a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.39.

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.