Kestra Private Wealth Services LLC Acquires Shares of 4,351 Twilio Inc. (NYSE:TWLO)

Kestra Private Wealth Services LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLOFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,351 shares of the technology company’s stock, valued at approximately $255,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Twilio by 25.6% during the 1st quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock worth $2,162,627,000 after buying an additional 2,678,049 shares during the period. BlackRock Inc. boosted its holdings in shares of Twilio by 2.3% during the 1st quarter. BlackRock Inc. now owns 11,519,294 shares of the technology company’s stock worth $767,531,000 after buying an additional 256,578 shares during the period. ARK Investment Management LLC boosted its holdings in shares of Twilio by 1.3% during the 3rd quarter. ARK Investment Management LLC now owns 7,132,012 shares of the technology company’s stock worth $417,437,000 after buying an additional 93,828 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Twilio by 1.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company’s stock worth $359,118,000 after buying an additional 111,093 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Twilio by 15.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,157,820 shares of the technology company’s stock worth $264,521,000 after buying an additional 555,305 shares during the period. 80.87% of the stock is currently owned by institutional investors and hedge funds.

Twilio Price Performance

TWLO stock opened at $71.60 on Friday. The company has a 50 day simple moving average of $72.57 and a 200 day simple moving average of $64.19. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of -15.01 and a beta of 1.41. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $79.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.53 and a quick ratio of 6.53.

Twilio (NYSE:TWLOGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.29). The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $985.03 million. Twilio had a negative net margin of 21.44% and a negative return on equity of 3.06%. Research analysts anticipate that Twilio Inc. will post -0.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Twilio Inc sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $0.57, for a total transaction of $2,850,000.00. Following the completion of the transaction, the insider now directly owns 5,000,000 shares in the company, valued at approximately $2,850,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Twilio news, insider Dana Wagner sold 754 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $68.05, for a total value of $51,309.70. Following the completion of the transaction, the insider now directly owns 132,122 shares in the company, valued at approximately $8,990,902.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Twilio Inc sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $0.57, for a total transaction of $2,850,000.00. Following the completion of the transaction, the insider now owns 5,000,000 shares of the company’s stock, valued at $2,850,000. The disclosure for this sale can be found here. Insiders sold a total of 5,020,880 shares of company stock worth $4,342,944 in the last three months. 4.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on TWLO. Barclays lifted their target price on shares of Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Piper Sandler raised shares of Twilio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $82.00 in a report on Friday, January 12th. Needham & Company LLC boosted their price objective on shares of Twilio from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. The Goldman Sachs Group boosted their price objective on shares of Twilio from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $71.00.

Check Out Our Latest Stock Report on Twilio

Twilio Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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