Advisory Services Network LLC Buys 1,264 Shares of Twilio Inc. (NYSE:TWLO)

Advisory Services Network LLC raised its stake in Twilio Inc. (NYSE:TWLOGet Rating) by 16.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,171 shares of the technology company’s stock after acquiring an additional 1,264 shares during the period. Advisory Services Network LLC’s holdings in Twilio were worth $1,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evoke Wealth LLC grew its stake in shares of Twilio by 255.1% in the 1st quarter. Evoke Wealth LLC now owns 174 shares of the technology company’s stock worth $29,000 after buying an additional 125 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of Twilio by 5.4% during the 1st quarter. Sigma Planning Corp now owns 3,679 shares of the technology company’s stock worth $606,000 after purchasing an additional 189 shares during the period. Balentine LLC purchased a new position in shares of Twilio during the 1st quarter worth about $285,000. Bell Bank boosted its stake in shares of Twilio by 7.8% during the 1st quarter. Bell Bank now owns 2,573 shares of the technology company’s stock worth $424,000 after purchasing an additional 186 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Twilio by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 496,039 shares of the technology company’s stock worth $130,628,000 after purchasing an additional 14,406 shares during the period. 79.32% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Down 4.9 %

NYSE:TWLO opened at $73.91 on Monday. The company has a market cap of $13.43 billion, a PE ratio of -12.55 and a beta of 1.58. Twilio Inc. has a twelve month low of $64.29 and a twelve month high of $373.00. The company has a current ratio of 6.42, a quick ratio of 6.42 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $80.34 and its two-hundred day moving average is $105.98.

Twilio (NYSE:TWLOGet Rating) last released its quarterly earnings data on Thursday, August 4th. The technology company reported ($1.47) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.51). The business had revenue of $943.35 million during the quarter, compared to analysts’ expectations of $920.97 million. Twilio had a negative net margin of 31.16% and a negative return on equity of 7.05%. The firm’s revenue was up 41.0% on a year-over-year basis. During the same period last year, the company earned ($0.94) earnings per share. Analysts anticipate that Twilio Inc. will post -4.3 EPS for the current year.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on shares of Twilio in a research note on Monday, September 12th. They set an “overweight” rating and a $96.00 price target for the company. Argus cut shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Morgan Stanley lowered their price objective on shares of Twilio from $240.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Scotiabank initiated coverage on shares of Twilio in a research report on Wednesday, June 8th. They issued an “outperform” rating and a $215.00 price objective for the company. Finally, Mizuho lowered their price objective on shares of Twilio from $200.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $154.84.

Insider Activity

In related news, COO Khozema Shipchandler sold 3,503 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $80.93, for a total transaction of $283,497.79. Following the sale, the chief operating officer now directly owns 83,070 shares of the company’s stock, valued at $6,722,855.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Khozema Shipchandler sold 3,503 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $80.93, for a total transaction of $283,497.79. Following the sale, the chief operating officer now directly owns 83,070 shares of the company’s stock, valued at $6,722,855.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eyal Manor sold 853 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $82.69, for a total transaction of $70,534.57. Following the sale, the insider now directly owns 160,358 shares in the company, valued at $13,260,003.02. The disclosure for this sale can be found here. Insiders have sold 12,496 shares of company stock valued at $1,057,136 in the last ninety days. Insiders own 4.96% of the company’s stock.

Twilio Company Profile

(Get Rating)

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

Featured Articles

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLOGet Rating).

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.