Palacios Wealth Management LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Palacios Wealth Management LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,398 shares of the technology company's stock, valued at approximately $606,000. Twilio makes up about 0.7% of Palacios Wealth Management LLC's holdings, making the stock its 29th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after purchasing an additional 416 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Twilio during the third quarter worth about $46,000. Venturi Wealth Management LLC grew its holdings in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after purchasing an additional 493 shares during the last quarter. Huntington National Bank grew its holdings in shares of Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company's stock worth $51,000 after purchasing an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp purchased a new position in shares of Twilio during the third quarter worth about $53,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TWLO. Monness Crespi & Hardt raised their price objective on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Monday, January 27th. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and raised their price target for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Morgan Stanley raised their price target on Twilio from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th. Tigress Financial raised their price target on Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $50.00 price target on shares of Twilio in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Twilio has an average rating of "Moderate Buy" and a consensus price target of $130.91.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 6,552 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock worth $2,483,695 in the last quarter. 4.50% of the stock is owned by corporate insiders.

Twilio Price Performance

Shares of Twilio stock traded up $0.26 during trading on Tuesday, hitting $125.43. 7,403,315 shares of the company were exchanged, compared to its average volume of 3,992,440. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The firm has a 50 day moving average price of $121.50 and a 200 day moving average price of $91.13. The stock has a market capitalization of $19.24 billion, a price-to-earnings ratio of -48.81, a P/E/G ratio of 3.60 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, equities analysts expect that Twilio Inc. will post 0.88 earnings per share for the current fiscal 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.