Twilio Inc. (NYSE:TWLO) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth boosted its holdings in Twilio Inc. (NYSE:TWLO) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,902 shares of the technology company’s stock after purchasing an additional 2,242 shares during the quarter. Focus Partners Wealth’s holdings in Twilio were worth $7,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TWLO. JFS Wealth Advisors LLC increased its stake in 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 increased its stake 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 during the last quarter. Centricity Wealth Management LLC acquired a new position in Twilio in the fourth quarter valued at $44,000. Private Trust Co. NA increased its stake in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Twilio during the fourth quarter valued at about $75,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This represents a 1.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,471 shares of company stock worth $2,344,149. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TWLO shares. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. Scotiabank boosted their price target on Twilio from $130.00 to $135.00 and gave the company a “sector outperform” rating in a research report on Friday, May 2nd. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Robert W. Baird lowered their price target on Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, JMP Securities reissued a “market outperform” rating and set a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Twilio has an average rating of “Moderate Buy” and an average price target of $124.41.

Twilio Stock Up 3.1%

Shares of Twilio stock opened at $114.63 on Wednesday. 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 business’s 50 day simple moving average is $95.98 and its 200-day simple moving average is $106.85. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of -179.11, a PEG ratio of 4.30 and a beta of 1.44. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. Equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

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.