International Assets Investment Management LLC Buys 247,042 Shares of Twilio Inc. (NYSE:TWLO)

International Assets Investment Management LLC lifted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 6,662.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,750 shares of the technology company's stock after buying an additional 247,042 shares during the quarter. International Assets Investment Management LLC owned about 0.14% of Twilio worth $19,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC boosted its holdings in Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock worth $26,000 after buying an additional 247 shares during the last quarter. RVW Wealth LLC acquired a new stake in shares of Twilio in the 3rd quarter valued at approximately $30,000. Optimum Investment Advisors boosted its stake in Twilio by 68.3% during the 3rd quarter. Optimum Investment Advisors now owns 505 shares of the technology company's stock worth $30,000 after acquiring an additional 205 shares during the last quarter. Covestor Ltd grew its holdings in Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company's stock valued at $35,000 after purchasing an additional 172 shares during the period. Finally, Quarry LP increased its stake in Twilio by 328.2% in the second quarter. Quarry LP now owns 561 shares of the technology company's stock valued at $36,000 after purchasing an additional 430 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Dana Wagner sold 458 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the sale, the insider now directly owns 171,744 shares of the company's stock, valued at approximately $9,567,858.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the transaction, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,200 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $66,852.00. Following the completion of the sale, the chief financial officer now owns 241,044 shares in the company, valued at approximately $13,428,561.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,958 shares of company stock worth $1,910,447. Insiders own 4.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TWLO. StockNews.com cut shares of Twilio from a "buy" rating to a "hold" rating in a research report on Wednesday, March 6th. Royal Bank of Canada reissued an "underperform" rating and issued a $50.00 target price on shares of Twilio in a research note on Wednesday, March 6th. Jefferies Financial Group dropped their price target on Twilio from $65.00 to $60.00 and set a "hold" rating on the stock in a research report on Wednesday, March 6th. JMP Securities reiterated a "market outperform" rating and issued a $110.00 price objective on shares of Twilio in a research report on Thursday, February 15th. Finally, Robert W. Baird raised their target price on shares of Twilio from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Twilio presently has an average rating of "Hold" and a consensus target price of $68.90.

Twilio Stock Down 0.8 %

Shares of NYSE:TWLO traded down $0.49 during midday trading on Friday, reaching $60.84. The company had a trading volume of 2,188,207 shares, compared to its average volume of 3,399,692. Twilio Inc. has a 1-year low of $45.02 and a 1-year high of $78.16. The stock has a market cap of $11.01 billion, a PE ratio of -10.97 and a beta of 1.35. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The business's 50 day moving average price is $62.08 and its 200 day moving average price is $63.84.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Research analysts forecast that Twilio Inc. will post -0.24 EPS for the current fiscal year.

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.