Twilio Inc. (NYSE:TWLO) Shares Bought by Allworth Financial LP

Allworth Financial LP lifted its position in Twilio Inc. (NYSE:TWLO) by 266.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,744 shares of the technology company’s stock after acquiring an additional 1,268 shares during the quarter. Allworth Financial LP’s holdings in Twilio were worth $132,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Twilio by 18.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock worth $114,000 after purchasing an additional 109 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in Twilio by 8.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock valued at $285,000 after acquiring an additional 133 shares in the last quarter. Covestor Ltd raised its stake in Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after acquiring an additional 172 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its stake in Twilio by 4.0% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock valued at $359,000 after acquiring an additional 181 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Twilio by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock valued at $4,229,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TWLO. Jefferies Financial Group cut their target price on Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. TD Cowen cut their target price on Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. Northland Securities downgraded Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research note on Thursday, February 15th. Wells Fargo & Company cut their target price on Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 6th. Finally, StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Twilio currently has an average rating of “Hold” and an average target price of $68.90.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is owned by corporate insiders.

Twilio Price Performance

Shares of NYSE TWLO opened at $60.84 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The stock’s fifty day simple moving average is $61.88 and its 200 day simple moving average is $63.86. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. As a group, sell-side analysts predict that Twilio Inc. will post -0.24 earnings per share for the current year.

Twilio Company Profile

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.