CWA Asset Management Group LLC Raises Position in Twilio Inc. (NYSE:TWLO)

CWA Asset Management Group LLC grew its position in Twilio Inc. (NYSE:TWLO - Free Report) by 56.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,969 shares of the technology company's stock after purchasing an additional 17,677 shares during the period. CWA Asset Management Group LLC's holdings in Twilio were worth $4,795,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Insigneo Advisory Services LLC purchased a new stake in shares of Twilio in the first quarter valued at about $224,000. QRG Capital Management Inc. grew its position in Twilio by 198.2% during the first quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock valued at $791,000 after buying an additional 5,368 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Twilio by 231.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 97,631 shares of the technology company's stock valued at $9,559,000 after buying an additional 68,149 shares during the period. Ritholtz Wealth Management grew its position in Twilio by 359.1% during the first quarter. Ritholtz Wealth Management now owns 14,632 shares of the technology company's stock valued at $1,433,000 after buying an additional 11,445 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Twilio by 19.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,970 shares of the technology company's stock valued at $2,249,000 after buying an additional 3,763 shares during the period. Hedge funds and other institutional investors own 84.27% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TWLO. UBS Group reduced their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and increased their price target for the company from $77.00 to $99.00 in a research report on Monday, May 5th. KeyCorp began coverage on shares of Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price target for the company. Piper Sandler increased their target price on shares of Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Twilio in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.39.

Insider Buying and Selling at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director now owns 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock worth $4,719,065 over the last 90 days. Corporate insiders own 0.21% of the company's stock.

Twilio Price Performance

NYSE:TWLO traded up $0.09 during trading hours on Friday, hitting $116.77. The stock had a trading volume of 2,885,222 shares, compared to its average volume of 2,636,729. The company has a 50 day simple moving average of $107.57 and a two-hundred day simple moving average of $111.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. Twilio Inc. has a one year low of $54.33 and a one year high of $151.95. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of -556.06, a P/E/G ratio of 3.62 and a beta of 1.30.

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. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $0.80 EPS. The business's quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal 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.