Miracle Mile Advisors LLC Grows Position in Twilio Inc. (NYSE:TWLO)

Miracle Mile Advisors LLC increased its position in Twilio Inc. (NYSE:TWLOFree Report) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,916 shares of the technology company’s stock after purchasing an additional 1,000 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Twilio were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TWLO. Geneos Wealth Management Inc. increased its position in Twilio by 18.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock valued at $114,000 after buying an additional 109 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in Twilio by 8.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock valued at $285,000 after buying an additional 133 shares in the last quarter. Covestor Ltd increased its position in Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after buying an additional 172 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its position in Twilio by 4.0% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock valued at $359,000 after buying an additional 181 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Twilio by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock valued at $4,229,000 after buying an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 3,025 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $68.48, for a total value of $207,152.00. Following the transaction, the chief financial officer now directly owns 168,795 shares in the company, valued at $11,559,081.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Aidan Viggiano sold 3,025 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $68.48, for a total value of $207,152.00. Following the transaction, the chief financial officer now directly owns 168,795 shares in the company, valued at $11,559,081.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 1,666 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the transaction, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,797 shares of company stock worth $562,393. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TWLO shares. HSBC lowered Twilio from a “hold” rating to a “reduce” rating and reduced their price objective for the company from $62.00 to $61.00 in a research report on Wednesday, February 14th. Northland Securities lowered Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Thursday, February 15th. Piper Sandler raised Twilio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $82.00 in a report on Friday, January 12th. Wells Fargo & Company reduced their target price on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, March 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.90.

Check Out Our Latest Report on Twilio

Twilio Price Performance

NYSE TWLO opened at $60.88 on Wednesday. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average is $63.91 and its 200 day moving average is $63.85. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16.

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

About Twilio

(Free Report)

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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