Texas Bank & Trust Co Buys New Shares in Twilio Inc. (NYSE:TWLO)

Texas Bank & Trust Co bought a new stake in shares of Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,250 shares of the technology company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in Twilio by 72.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 13,266 shares of the technology company’s stock valued at $1,434,000 after buying an additional 5,572 shares during the period. Ritholtz Wealth Management purchased a new stake in Twilio during the 4th quarter valued at $344,000. Merit Financial Group LLC purchased a new stake in Twilio during the 4th quarter valued at $374,000. HB Wealth Management LLC purchased a new stake in Twilio during the 4th quarter valued at $216,000. Finally, Hanseatic Management Services Inc. purchased a new stake in Twilio during the 4th quarter valued at $1,044,000. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 1.7%

TWLO stock opened at $116.19 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a market capitalization of $17.73 billion, a P/E ratio of -181.54, a P/E/G ratio of 4.30 and a beta of 1.44. The business has a fifty day moving average price of $96.78 and a 200-day moving average price of $107.96.

Twilio (NYSE:TWLO) last announced 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. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,751 shares of company stock worth $4,476,830. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TWLO. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. Tigress Financial reaffirmed a “buy” rating and issued a $170.00 target price on shares of Twilio in a research report on Thursday, May 8th. Barclays raised their target price on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.41.

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.