Stratos Wealth Partners LTD. decreased its stake in Twilio Inc (NYSE:TWLO) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,363 shares of the technology company’s stock after selling 141 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Twilio were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TWLO. DNB Asset Management AS raised its position in shares of Twilio by 9.1% during the fourth quarter. DNB Asset Management AS now owns 12,388 shares of the technology company’s stock worth $1,217,000 after purchasing an additional 1,032 shares during the period. Perigon Wealth Management LLC raised its position in shares of Twilio by 6.0% during the fourth quarter. Perigon Wealth Management LLC now owns 4,570 shares of the technology company’s stock worth $491,000 after purchasing an additional 260 shares during the period. Cerebellum GP LLC raised its position in shares of Twilio by 7.3% during the fourth quarter. Cerebellum GP LLC now owns 5,338 shares of the technology company’s stock worth $525,000 after purchasing an additional 361 shares during the period. Wedbush Securities Inc. raised its position in shares of Twilio by 7.3% during the fourth quarter. Wedbush Securities Inc. now owns 5,692 shares of the technology company’s stock worth $559,000 after purchasing an additional 386 shares during the period. Finally, Alpine Global Management LLC acquired a new stake in shares of Twilio during the fourth quarter worth about $430,000. 86.75% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on TWLO. Morgan Stanley raised their price target on Twilio from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Canaccord Genuity lifted their target price on Twilio from $140.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. William Blair reissued a “buy” rating on shares of Twilio in a research report on Friday, March 27th. JPMorgan Chase & Co. lowered Twilio from an “overweight” rating to a “neutral” rating and set a $110.00 target price on the stock. in a research report on Thursday, April 23rd. Finally, Bank of America reissued a “buy” rating and issued a $125.00 target price on shares of Twilio in a research report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $150.45.
In related news, Director Richard L. Dalzell sold 500 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $127.87, for a total value of $63,935.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff Lawson sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $73.79, for a total value of $1,844,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 127,829 shares of company stock valued at $14,318,434 over the last quarter. 10.85% of the stock is currently owned by corporate insiders.
Shares of NYSE TWLO opened at $190.29 on Wednesday. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.14. Twilio Inc has a 12 month low of $68.06 and a 12 month high of $197.15. The stock has a 50 day moving average of $107.31 and a 200-day moving average of $106.71. The company has a market capitalization of $25.10 billion, a P/E ratio of -70.48 and a beta of 1.37.
Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.17. Twilio had a negative return on equity of 5.06% and a negative net margin of 28.85%. The company had revenue of $364.87 million during the quarter, compared to the consensus estimate of $327.59 million. During the same period in the previous year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. Analysts predict that Twilio Inc will post -1.45 EPS for the current fiscal year.
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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