1,865 Shares in Twilio Inc. (NYSE:TWLO) Purchased by SP Asset Management LLC

SP Asset Management LLC bought a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,865 shares of the technology company’s stock, valued at approximately $202,000.

A number of other large investors also recently added to or reduced their stakes in the business. M&T Bank Corp grew its stake in shares of Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $943,000 after acquiring an additional 85 shares in the last quarter. Allworth Financial LP grew its stake in shares of Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after acquiring an additional 94 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after acquiring an additional 104 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 112 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after acquiring an additional 148 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock valued at $2,441,324 over the last ninety days. 4.50% of the stock is owned by company insiders.

Twilio Stock Performance

Twilio stock opened at $116.73 on Thursday. The business’s 50-day moving average price is $123.38 and its two-hundred day moving average price is $95.75. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The stock has a market cap of $17.90 billion, a PE ratio of -182.39, a P/E/G ratio of 4.30 and a beta of 1.47. The company has a quick ratio of 5.06, a current 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 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm 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 expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TWLO shares. Scotiabank raised their price target on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $160.00 in a report on Friday, January 24th. Oppenheimer increased their price objective on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Finally, Jefferies Financial Group increased their price objective on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.26.

About Twilio

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.