Twilio Inc. (NYSE:TWLO) Holdings Increased by Focus Partners Wealth

Focus Partners Wealth grew its stake in shares of Twilio Inc. (NYSE:TWLO) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 66,902 shares of the technology company’s stock after acquiring an additional 2,242 shares during the period. Focus Partners Wealth’s holdings in Twilio were worth $7,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TWLO. Wealth Enhancement Advisory Services LLC boosted its stake in Twilio by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,902 shares of the technology company’s stock valued at $1,611,000 after purchasing an additional 290 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Twilio during the 4th quarter valued at $270,000. Cooper Financial Group bought a new position in Twilio during the 4th quarter valued at $240,000. Affinity Capital Advisors LLC bought a new position in Twilio during the 4th quarter valued at $284,000. Finally, Accurate Wealth Management LLC bought a new position in Twilio during the 4th quarter valued at $753,000. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the business’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 $721,401.12. Following the completion of the transaction, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This trade represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock worth $2,344,149 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TWLO. Wells Fargo & Company reduced their price objective on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Scotiabank raised their price objective on Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. The Goldman Sachs Group raised their price objective on Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Robert W. Baird reduced their price objective on Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley reduced their price objective on Twilio from $160.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.41.

Twilio Stock Performance

Shares of TWLO stock opened at $114.63 on Wednesday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. 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 company has a market capitalization of $17.50 billion, a price-to-earnings ratio of -179.11, a P/E/G ratio of 4.30 and a beta of 1.44. The stock’s fifty day simple moving average is $95.98 and its 200-day simple moving average is $106.85.

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