Avantax Advisory Services Inc. Has $801,000 Stake in Twilio Inc. (NYSE:TWLO)

Key Points

• Avantax Advisory Services Inc. reduced its stake in Twilio Inc. by 43.3% in the first quarter, leaving it with 8,185 shares valued at approximately $801,000.
• Analysts have mixed views on Twilio, with ratings ranging from a sell to a strong buy, and an average price target of $127.22 according to MarketBeat.com.
• Twilio reported a quarterly earnings per share of $1.14, exceeding estimates and showing a year-over-year revenue growth of 12.0%.

Avantax Advisory Services Inc. lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 43.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,185 shares of the technology company's stock after selling 6,244 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Twilio were worth $801,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. purchased a new stake in shares of Twilio in the fourth quarter worth $301,258,000. Two Sigma Investments LP lifted its holdings in shares of Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after acquiring an additional 1,048,619 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in Twilio during the fourth quarter worth about $111,312,000. Two Sigma Advisers LP raised its holdings in shares of Twilio by 683.0% during the 4th quarter. Two Sigma Advisers LP now owns 935,697 shares of the technology company's stock valued at $101,130,000 after buying an additional 816,197 shares in the last quarter. Finally, KBC Group NV lifted its position in Twilio by 236.3% in the 1st quarter. KBC Group NV now owns 945,594 shares of the technology company's stock worth $92,583,000 after buying an additional 664,420 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TWLO has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $132.00 price target on Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. UBS Group lowered their price objective on Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group raised their price target on shares of Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Twilio in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer owned 260,581 shares in the company, valued at approximately $32,450,151.93. The trade was a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 8,297 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares in the company, valued at $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock valued at $6,753,409 in the last ninety days. 0.21% of the stock is currently owned by company insiders.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $5.79 on Wednesday, reaching $130.44. The company's stock had a trading volume of 3,188,012 shares, compared to its average volume of 2,645,946. 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 stock has a market capitalization of $19.91 billion, a P/E ratio of -621.12, a PEG ratio of 3.77 and a beta of 1.23. The stock's 50-day moving average is $121.96 and its two-hundred day moving average is $114.25. Twilio Inc. has a 52-week low of $56.85 and a 52-week high of $151.95.

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.