Wealth Enhancement Advisory Services LLC Purchases 3,763 Shares of Twilio Inc. (NYSE:TWLO)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 19.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the technology company's stock after purchasing an additional 3,763 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Twilio were worth $2,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Polianta Ltd bought a new stake in Twilio in the 1st quarter valued at $1,057,000. Noble Wealth Management PBC bought a new stake in Twilio in the 1st quarter valued at $157,000. CX Institutional bought a new stake in Twilio in the 1st quarter valued at $39,000. Assenagon Asset Management S.A. lifted its position in Twilio by 1,418.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 201,477 shares of the technology company's stock valued at $19,727,000 after acquiring an additional 188,211 shares in the last quarter. Finally, MV Capital Management Inc. lifted its position in Twilio by 235.0% in the 1st quarter. MV Capital Management Inc. now owns 727 shares of the technology company's stock valued at $71,000 after acquiring an additional 510 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92% decrease in their position. The sale was disclosed in a 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 dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director now owns 33,488 shares in the company, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,884 shares of company stock worth $4,719,065. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several research reports. Jefferies Financial Group set a $132.00 price objective on shares of Twilio and gave the company a "hold" rating in a research report on Sunday, June 15th. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. Scotiabank boosted their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. KeyCorp initiated coverage on shares of Twilio in a research note on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Twilio in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.39.

Twilio Stock Up 1.2%

Twilio stock opened at $122.92 on Friday. The firm has a market capitalization of $18.77 billion, a PE ratio of -585.31, a P/E/G ratio of 3.82 and a beta of 1.30. The company's 50-day moving average is $111.05 and its 200-day moving average is $111.51. Twilio Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $151.95. 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 (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 analysts' consensus estimates 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $0.80 EPS. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side 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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