2,934 Shares in Twilio Inc. (NYSE:TWLO) Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC bought a new position in Twilio Inc. (NYSE:TWLO) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,934 shares of the technology company’s stock, valued at approximately $223,000.

Several other large investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Twilio in the 4th quarter valued at $57,000. Syon Capital LLC acquired a new stake in Twilio in the 4th quarter valued at $372,000. Lyell Wealth Management LP increased its holdings in Twilio by 66.3% in the 4th quarter. Lyell Wealth Management LP now owns 6,656 shares of the technology company’s stock valued at $505,000 after purchasing an additional 2,653 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Twilio by 41.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,243 shares of the technology company’s stock valued at $550,000 after purchasing an additional 2,128 shares in the last quarter. Finally, Carret Asset Management LLC acquired a new stake in Twilio in the 4th quarter valued at $233,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Performance

TWLO opened at $60.88 on Friday. The business’s 50 day moving average is $60.11 and its 200-day moving average is $64.01. The stock has a market cap of $11.02 billion, a PE ratio of -10.99 and a beta of 1.35. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a twelve month low of $45.02 and a twelve month high of $78.16.

Twilio (NYSE:TWLO) last released 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. On average, analysts predict that Twilio Inc. will post -0.11 earnings per share for the current year.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total transaction of $104,824.72. Following the transaction, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Twilio news, CFO Aidan Viggiano sold 3,375 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total value of $205,166.25. Following the transaction, the chief financial officer now owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the transaction, the insider now directly owns 130,456 shares in the company, valued at approximately $8,208,291.52. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock worth $1,910,447 over the last quarter. 4.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TWLO has been the subject of several recent analyst reports. TD Cowen lowered their target price on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Piper Sandler upgraded Twilio from a “neutral” rating to an “overweight” rating and raised their target price for the company from $75.00 to $82.00 in a research note on Friday, January 12th. The Goldman Sachs Group lifted their price target on Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company decreased their price target on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Hold” and an average target price of $68.90.

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.