1620 Investment Advisors Inc. Increases Stake in Twilio Inc. (NYSE:TWLO)

1620 Investment Advisors Inc. grew its position in Twilio Inc. (NYSE:TWLO) by 40.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,415 shares of the technology company’s stock after acquiring an additional 406 shares during the period. 1620 Investment Advisors Inc.’s holdings in Twilio were worth $92,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after acquiring an additional 140,791 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in shares of Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after acquiring an additional 31,227 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Twilio by 9.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock valued at $14,051,000 after purchasing an additional 17,856 shares during the period. Farmers Trust Co. raised its stake in Twilio by 58.1% during the 3rd quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after acquiring an additional 21,001 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Twilio by 13.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock worth $10,770,000 after buying an additional 21,245 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Down 1.0 %

TWLO opened at $70.56 on Thursday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The company has a market cap of $12.08 billion, a P/E ratio of -17.60, a P/E/G ratio of 4.01 and a beta of 1.35. The business’s 50-day moving average price is $64.88 and its 200-day moving average price is $60.80.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. Twilio’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted ($0.23) earnings per share. On average, equities analysts expect that Twilio Inc. will post 0.54 EPS for the current year.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the transaction, the chief financial officer now directly owns 186,501 shares in the company, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,961 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares of the company’s stock, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,906 shares of company stock worth $3,388,596. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TWLO. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Oppenheimer boosted their target price on shares of Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Sanford C. Bernstein increased their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Finally, Barclays decreased their price target on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.48.

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.