Oxinas Partners Wealth Management LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Oxinas Partners Wealth Management LLC purchased a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,420 shares of the technology company's stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TWLO. Arrowstreet Capital Limited Partnership boosted its stake in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in Twilio during the 4th quarter valued at $301,258,000. Norges Bank purchased a new stake in Twilio during the 4th quarter valued at $222,146,000. Two Sigma Investments LP boosted its stake in shares of Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after buying an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Twilio in the 4th quarter worth $111,312,000. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

NYSE:TWLO traded down $0.19 on Monday, reaching $121.54. 1,573,550 shares of the company's stock traded hands, compared to its average volume of 2,677,998. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $101.65 and a 200-day simple moving average of $110.39. The firm has a market cap of $18.55 billion, a PE ratio of -189.91, a P/E/G ratio of 4.30 and a beta of 1.30. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

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

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director now directly owns 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,884 shares of company stock valued at $4,719,065 over the last ninety days. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus raised their price target on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Barclays raised their price target on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. UBS Group dropped their price target on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Tigress Financial restated a "buy" rating and issued a $170.00 price target on shares of Twilio in a research note on Thursday, May 8th. Finally, Piper Sandler raised their price target on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.35.

Twilio Company 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.