Twilio Inc. (NYSE:TWLO) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC lifted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 56.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,969 shares of the technology company's stock after purchasing an additional 17,677 shares during the quarter. CWA Asset Management Group LLC's holdings in Twilio were worth $4,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TWLO. Insigneo Advisory Services LLC acquired a new position in Twilio during the 1st quarter valued at about $224,000. QRG Capital Management Inc. raised its holdings in shares of 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 last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Twilio by 231.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 97,631 shares of the technology company's stock worth $9,559,000 after buying an additional 68,149 shares during the period. Ritholtz Wealth Management grew its holdings in Twilio by 359.1% in the 1st quarter. Ritholtz Wealth Management now owns 14,632 shares of the technology company's stock worth $1,433,000 after buying an additional 11,445 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Twilio by 19.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,970 shares of the technology company's stock valued at $2,249,000 after acquiring an additional 3,763 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were 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 directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,884 shares of company stock worth $4,719,065 over the last three months. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group upped their target price on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. UBS Group decreased their price target on Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. HSBC raised Twilio from a "reduce" rating to a "hold" rating and boosted their price objective for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $165.00 target price on shares of Twilio in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and an average target price of $126.39.

Twilio Trading Down 0.4%

Twilio stock opened at $116.23 on Wednesday. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company's fifty day moving average price is $105.86 and its two-hundred day moving average price is $110.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of -553.46, a PEG ratio of 3.63 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 positive return on equity of 2.25% and a negative net margin of 0.74%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.80 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, 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.

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