Oxinas Partners Wealth Management LLC Invests $237,000 in Twilio Inc. (NYSE:TWLO)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its stake in shares of Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after purchasing an additional 85 shares during the period. Allworth Financial LP lifted its position in Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after buying an additional 94 shares during the period. GHP Investment Advisors Inc. boosted its holdings in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after buying an additional 104 shares in the last quarter. Freestone Capital Holdings LLC grew its position in shares of Twilio by 3.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock worth $423,000 after buying an additional 124 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Twilio by 3.4% in the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock worth $439,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TWLO. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. Barclays raised their price objective on Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group cut their target price on Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Tigress Financial reaffirmed a "buy" rating and issued a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. Finally, Stifel Nicolaus raised their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $124.41.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 1,924 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the transaction, the chief financial officer now directly owns 165,982 shares of the company's stock, valued at approximately $18,714,470.50. The trade was a 1.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of Twilio 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 $1,332,467.45. Following the sale, the chief executive officer now owns 280,589 shares in the company, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,884 shares of company stock valued at $4,719,065 over the last three months. Corporate insiders own 0.21% of the company's stock.

Twilio Price Performance

NYSE TWLO opened at $120.90 on Friday. The company has a 50-day moving average price of $101.18 and a 200-day moving average price of $110.08. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. 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 firm has a market capitalization of $18.45 billion, a P/E ratio of -188.90, a PEG ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.80 earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share 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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