Steward Partners Investment Advisory LLC Increases Position in Twilio Inc. (NYSE:TWLO)

Steward Partners Investment Advisory LLC lifted its position in Twilio Inc. (NYSE:TWLO) by 778.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,186 shares of the technology company’s stock after purchasing an additional 1,051 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Twilio were worth $128,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TWLO. FMR LLC grew its holdings in shares of Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after purchasing an additional 77,436 shares during the period. Pacer Advisors Inc. boosted its position in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares during the period. Geode Capital Management LLC boosted its holdings in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after acquiring an additional 33,824 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after purchasing an additional 99,786 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Twilio by 0.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after purchasing an additional 4,061 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of a number of analyst reports. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Barclays upped their price objective on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Tigress Financial upped their price target on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Oppenheimer upped their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, UBS Group upped their target price on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.26.

Twilio Price Performance

Twilio stock opened at $98.90 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The business has a fifty day moving average of $122.22 and a two-hundred day moving average of $98.00. The company has a market cap of $15.10 billion, a P/E ratio of -154.53, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

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

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 2,500 shares of Twilio 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 completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. The trade was a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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 owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 in the last 90 days. 4.50% of the stock is currently owned by 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.