NewEdge Advisors LLC Has $790,000 Position in Twilio Inc. (NYSE:TWLO)

NewEdge Advisors LLC boosted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 2,648.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,310 shares of the technology company's stock after purchasing an additional 7,044 shares during the quarter. NewEdge Advisors LLC's holdings in Twilio were worth $790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TWLO. JFS Wealth Advisors LLC boosted 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 acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Twilio by 79.4% during the 4th 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 during the period. Centricity Wealth Management LLC acquired a new position in shares of Twilio during the 4th quarter valued at $44,000. Private Trust Co. NA raised its stake in shares of Twilio by 395.6% in 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 bought a new position in Twilio during the fourth quarter valued at about $75,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the 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 in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 over the last quarter. Corporate insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of TWLO stock traded down $1.26 during trading hours on Wednesday, reaching $95.22. 1,989,225 shares of the company were exchanged, compared to its average volume of 3,100,769. The stock's fifty day moving average is $98.42 and its two-hundred day moving average is $104.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $14.53 billion, a price-to-earnings ratio of -148.78, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TWLO has been the subject of a number of research analyst reports. Monness Crespi & Hardt upped their price target on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a report on Monday, January 27th. Needham & Company LLC decreased their price target on shares of Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a research report on Tuesday. Morgan Stanley dropped their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group dropped their price target on Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a research report on Monday. Finally, StockNews.com cut shares of Twilio from a "buy" rating to a "hold" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and a consensus price target of $124.65.

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.