Atria Investments Inc Acquires Shares of 4,520 Twilio Inc. (NYSE:TWLO)

Atria Investments Inc acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,520 shares of the technology company’s stock, valued at approximately $489,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. State of Michigan Retirement System boosted its position in shares of Twilio by 10.1% during the 4th quarter. State of Michigan Retirement System now owns 8,700 shares of the technology company’s stock valued at $940,000 after acquiring an additional 800 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Twilio by 778.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,186 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,051 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Twilio during the 4th quarter valued at approximately $1,140,000. Asahi Life Asset Management CO. LTD. bought a new position in shares of Twilio during the 4th quarter valued at approximately $364,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Twilio by 57.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 985 shares of the technology company’s stock valued at $107,000 after acquiring an additional 361 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Trading Up 4.2 %

Shares of NYSE:TWLO opened at $98.90 on Friday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a market capitalization of $15.10 billion, a PE ratio of -154.53, a PEG ratio of 4.30 and a beta of 1.47. The business has a 50 day moving average of $122.22 and a two-hundred day moving average of $97.75. 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 announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TWLO. Scotiabank raised their price target on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Needham & Company LLC raised their price target on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Stifel Nicolaus lifted their target price on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Tigress Financial lifted their target price on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $134.26.

Insider Activity

In other news, CEO Khozema Shipchandler sold 10,834 shares of the business’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 sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now owns 184,164 shares of the company’s stock, valued at $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock worth $2,441,324 over the last three months. 4.50% of the stock is currently owned by corporate 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.