Allworth Financial LP Acquires 94 Shares of Twilio Inc. (NYSE:TWLO)

Allworth Financial LP grew its holdings in shares of Twilio Inc. (NYSE:TWLO) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,465 shares of the technology company’s stock after buying an additional 94 shares during the period. Allworth Financial LP’s holdings in Twilio were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TWLO. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares in the last quarter. KBC Group NV boosted its holdings in shares of Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after buying an additional 258,469 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Twilio by 2,412.9% during the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after buying an additional 193,971 shares in the last quarter. Finally, Vinva Investment Management Ltd boosted its holdings in shares of Twilio by 302.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 139,929 shares of the technology company’s stock valued at $9,215,000 after buying an additional 105,161 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Down 3.3 %

Twilio stock opened at $114.16 on Friday. The firm has a 50 day moving average of $122.09 and a 200 day moving average of $92.34. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of -178.37, a P/E/G ratio of 4.30 and a beta of 1.43. Twilio Inc. has a 12-month low of $52.51 and a 12-month 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.

Twilio (NYSE:TWLO) last released 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 positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. As a group, research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TWLO. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research note on Tuesday, January 21st. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Needham & Company LLC upped their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Jefferies Financial Group boosted their target price on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $130.91.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,406 shares of company stock worth $2,656,889 in the last three months. 4.50% of the stock is owned by company insiders.

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.