Twilio Inc. (NYSE:TWLO) Position Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in shares of Twilio Inc. (NYSE:TWLO) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,060 shares of the technology company’s stock after acquiring an additional 174 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Twilio were worth $202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. M&T Bank Corp grew its stake in shares of Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after buying an additional 85 shares in the last quarter. Freestone Capital Holdings LLC grew its stake in shares of Twilio by 3.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock valued at $423,000 after buying an additional 124 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Twilio by 3.4% in the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company’s stock valued at $439,000 after buying an additional 135 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Twilio by 6.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company’s stock valued at $239,000 after buying an additional 140 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its stake in shares of Twilio by 2.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 6,591 shares of the technology company’s stock valued at $645,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 3.3%

Shares of TWLO stock opened at $120.41 on Friday. Twilio Inc. has a 12 month low of $55.38 and a 12 month high of $151.95. The firm has a market cap of $18.38 billion, a PE ratio of -573.38, a price-to-earnings-growth ratio of 3.74 and a beta of 1.30. The stock has a 50 day moving average of $114.21 and a 200-day moving average of $111.78. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TWLO. Wells Fargo & Company lowered their price target on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group boosted their price target on Twilio from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Piper Sandler boosted their price target on Twilio from $106.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. KeyCorp assumed coverage on Twilio in a research note on Friday, June 6th. They issued an “overweight” rating and a $146.00 price target for the company. Finally, Mizuho reduced their target price on Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.39.

Insider Transactions at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the transaction, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of the company’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the transaction, the chief executive officer owned 260,581 shares of the company’s stock, valued at $32,450,151.93. The trade was a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,996 shares of company stock worth $4,190,814 over the last three months. 0.21% of the stock is currently owned by insiders.

Twilio Company 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.