Advisory Services Network LLC Makes New $169,000 Investment in Twilio Inc. (NYSE:TWLO)

Advisory Services Network LLC acquired a new position in Twilio Inc. (NYSE:TWLOFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,223 shares of the technology company’s stock, valued at approximately $169,000.

A number of other hedge funds have also recently added to or reduced their stakes in TWLO. Robeco Institutional Asset Management B.V. lifted its stake in Twilio by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock valued at $102,000 after buying an additional 167 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its stake in Twilio by 4.0% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock valued at $359,000 after buying an additional 181 shares during the last quarter. Brighton Jones LLC lifted its stake in Twilio by 1.8% in the fourth quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after buying an additional 185 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its stake in Twilio by 15.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after buying an additional 192 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in Twilio by 4.0% in the third quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock valued at $345,000 after buying an additional 228 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,633 shares of Twilio stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.12, for a total transaction of $412,041.96. Following the transaction, the chief financial officer now owns 234,411 shares of the company’s stock, valued at approximately $14,561,611.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Dana Wagner sold 4,130 shares of Twilio stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.14, for a total transaction of $256,638.20. Following the completion of the sale, the insider now directly owns 167,614 shares in the company, valued at approximately $10,415,533.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,633 shares of Twilio stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.12, for a total value of $412,041.96. Following the sale, the chief financial officer now owns 234,411 shares of the company’s stock, valued at $14,561,611.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,692 shares of company stock valued at $1,714,597. 4.50% of the stock is owned by corporate insiders.

Twilio Trading Up 0.6 %

Shares of TWLO opened at $57.37 on Friday. The business’s 50-day moving average price is $60.09 and its 200 day moving average price is $64.90. The stock has a market capitalization of $9.82 billion, a P/E ratio of -14.31, a P/E/G ratio of 9.58 and a beta of 1.34. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLOGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. Analysts expect that Twilio Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TWLO shares. Macquarie cut their target price on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Thursday, February 15th. TD Cowen cut their price objective on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their price objective on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus cut their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.95.

Check Out Our Latest Stock Report on Twilio

About Twilio

(Free Report)

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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