Austin Private Wealth LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Austin Private Wealth LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,942 shares of the technology company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Synovus Financial Corp lifted its holdings in shares of Twilio by 6.9% during the third quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after purchasing an additional 306 shares during the last quarter. Barclays PLC raised its holdings in shares of Twilio by 139.5% during the second quarter. Barclays PLC now owns 245,570 shares of the technology company’s stock valued at $15,624,000 after acquiring an additional 143,020 shares during the period. Pearl River Capital LLC lifted its position in shares of Twilio by 363.2% in the 3rd quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock valued at $1,793,000 after acquiring an additional 24,026 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Twilio by 10.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after purchasing an additional 113,042 shares during the period. Finally, Hodges Capital Management Inc. purchased a new position in Twilio during the 3rd quarter worth approximately $4,738,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research report on Wednesday, March 6th. Needham & Company LLC raised their price target on shares of Twilio from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Northland Securities lowered shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a research note on Thursday, February 15th. Finally, Piper Sandler raised shares of Twilio from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $82.00 in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus target price of $68.90.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 6,581 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $72.20, for a total value of $475,148.20. Following the completion of the transaction, the chief financial officer now owns 171,820 shares of the company’s stock, valued at $12,405,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 6,581 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total value of $475,148.20. Following the sale, the chief financial officer now directly owns 171,820 shares in the company, valued at $12,405,404. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Khozema Shipchandler sold 10,520 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $72.18, for a total transaction of $759,333.60. Following the completion of the sale, the insider now owns 207,599 shares in the company, valued at approximately $14,984,495.82. The disclosure for this sale can be found here. Insiders have sold 25,898 shares of company stock valued at $1,796,874 in the last 90 days. 4.20% of the stock is currently owned by company insiders.

Twilio Stock Performance

TWLO stock traded up $0.10 during trading on Thursday, reaching $61.11. 5,439,753 shares of the stock were exchanged, compared to its average volume of 3,547,200. The stock has a 50 day simple moving average of $64.61 and a 200-day simple moving average of $63.94. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $11.06 billion, a P/E ratio of -11.03 and a beta of 1.35. Twilio Inc. has a twelve month low of $45.02 and a twelve month high of $78.16.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. As a group, sell-side analysts anticipate that Twilio Inc. will post -0.22 earnings per share for the current year.

Twilio 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.