Raymond James Financial Inc. Invests $25.78 Million in Twilio Inc. (NYSE:TWLO)

Raymond James Financial Inc. purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 238,509 shares of the technology company's stock, valued at approximately $25,778,000. Raymond James Financial Inc. owned about 0.16% of Twilio as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TWLO. JFS Wealth Advisors LLC lifted its stake in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio during the fourth quarter valued at about $44,000. True Wealth Design LLC grew its position in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares during the period. Institutional investors own 84.27% of the company's stock.

Twilio Trading Up 3.7 %

TWLO stock traded up $3.70 during trading on Wednesday, hitting $102.96. The company had a trading volume of 1,564,017 shares, compared to its average volume of 3,582,614. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of -160.88, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $121.75 and a 200-day moving average price of $98.53.

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Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock worth $2,441,324 over the last ninety days. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TWLO shares. Monness Crespi & Hardt raised their target price on Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada restated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday. UBS Group upped their target price on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Wells Fargo & Company raised their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, JMP Securities reissued a "market outperform" rating and set a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Twilio presently has an average rating of "Moderate Buy" and a consensus target price of $135.35.

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.