Texas Bank & Trust Co Purchases Shares of 2,250 Twilio Inc. (NYSE:TWLO)

Texas Bank & Trust Co purchased a new position in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,250 shares of the technology company's stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp raised its position 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 last quarter. Allworth Financial LP increased its stake in Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after purchasing an additional 94 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in 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 purchasing an additional 104 shares in the last quarter. Freestone Capital Holdings LLC raised its holdings in shares of Twilio by 3.3% in the fourth 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 last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of Twilio by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock worth $439,000 after buying an additional 135 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Price Performance

TWLO stock traded up $1.35 during mid-day trading on Thursday, reaching $115.90. 1,865,609 shares of the company's stock were exchanged, compared to its average volume of 2,676,019. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a market cap of $17.69 billion, a price-to-earnings ratio of -181.09, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock's 50 day moving average is $97.82 and its 200 day moving average is $108.28.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.80 EPS. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on TWLO. William Blair reissued an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Robert W. Baird cut their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays lifted their target price on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Scotiabank increased their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Finally, JMP Securities reissued a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Insider Activity

In other news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on 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 completion of 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 filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,924 shares of the company's stock in a transaction 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 sale, the chief financial officer now directly owns 165,982 shares in the company, valued at $18,714,470.50. This represents a 1.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,284 shares of company stock valued at $4,520,567 in the last 90 days. Company insiders own 0.21% of the company's stock.

About Twilio

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.