Empower Advisory Group LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Empower Advisory Group LLC acquired a new stake in Twilio Inc. (NYSE:TWLO) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 886,211 shares of the technology company’s stock, valued at approximately $56,939,000. Empower Advisory Group LLC owned 0.48% of Twilio at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TWLO. Ameritas Advisory Services LLC bought a new position in Twilio during the first quarter valued at about $32,000. Covestor Ltd raised its stake in shares of Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after purchasing an additional 172 shares in the last quarter. Tradition Wealth Management LLC lifted its position in Twilio by 58.9% in the first quarter. Tradition Wealth Management LLC now owns 596 shares of the technology company’s stock worth $40,000 after purchasing an additional 221 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Twilio by 2,008.3% during the 1st quarter. Manchester Capital Management LLC now owns 759 shares of the technology company’s stock worth $51,000 after acquiring an additional 723 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Twilio by 133.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,169 shares of the technology company’s stock valued at $57,000 after acquiring an additional 668 shares in the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.

Insider Activity

In other Twilio news, insider Dana Wagner sold 7,062 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $64.35, for a total value of $454,439.70. Following the sale, the insider now owns 144,560 shares in the company, valued at approximately $9,302,436. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Dana Wagner sold 7,062 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $64.35, for a total transaction of $454,439.70. Following the transaction, the insider now directly owns 144,560 shares of the company’s stock, valued at $9,302,436. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 3,223 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $63.55, for a total value of $204,821.65. Following the completion of the sale, the chief financial officer now directly owns 195,034 shares of the company’s stock, valued at approximately $12,394,410.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,404 shares of company stock valued at $2,390,869. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

TWLO has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Twilio in a research report on Friday, August 25th. StockNews.com began coverage on shares of Twilio in a report on Thursday, August 17th. They set a “hold” rating for the company. Morgan Stanley upped their price objective on shares of Twilio from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 19th. UBS Group lifted their target price on shares of Twilio from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Northland Securities raised their price target on Twilio from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $71.64.

Twilio Price Performance

Shares of TWLO traded down $1.08 during mid-day trading on Wednesday, reaching $64.72. The company had a trading volume of 706,538 shares, compared to its average volume of 4,360,522. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of -9.94 and a beta of 1.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.14 and a current ratio of 6.14. The company’s 50 day simple moving average is $62.91 and its 200 day simple moving average is $61.72. Twilio Inc. has a 1-year low of $41.00 and a 1-year high of $81.25.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.24. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $984.52 million. Twilio had a negative return on equity of 4.85% and a negative net margin of 30.11%. Analysts expect that Twilio Inc. will post -0.92 EPS for the current year.

Twilio Profile

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.