Wealth Enhancement Advisory Services LLC Purchases 4,595 Shares of Twilio Inc. (NYSE:TWLO)

Wealth Enhancement Advisory Services LLC boosted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,207 shares of the technology company's stock after buying an additional 4,595 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Twilio were worth $2,076,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC raised its holdings in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Twilio in the 4th quarter valued at $44,000. Private Trust Co. NA lifted its position in Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after buying an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Twilio during the 4th quarter worth about $75,000. Institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Twilio stock traded up $1.06 during midday trading on Friday, reaching $121.86. The company's stock had a trading volume of 1,696,228 shares, compared to its average volume of 2,682,379. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $18.60 billion, a PE ratio of -190.41, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The business has a 50-day moving average price of $101.18 and a 200-day moving average price of $110.08.

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

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. Mizuho dropped their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Stifel Nicolaus raised their target price on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. JMP Securities restated a "market outperform" rating and set a $165.00 target price on shares of Twilio in a report on Tuesday, April 29th. Finally, Scotiabank increased their price target on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Twilio presently has an average rating of "Moderate Buy" and an average price target of $125.35.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 8,735 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $800,213.35. Following the completion of the sale, the chief financial officer now owns 167,905 shares of the company's stock, valued at $15,381,777.05. The trade was a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,884 shares of company stock worth $4,719,065. Corporate 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.