Advisory Services Network LLC Purchases New Position in Twilio Inc. (NYSE:TWLO)

Advisory Services Network LLC bought a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,755 shares of the technology company's stock, valued at approximately $2,135,000.

A number of other large investors also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC raised its stake in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of 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 in the last quarter. Centricity Wealth Management LLC bought a new position in Twilio in the fourth quarter valued at approximately $44,000. Private Trust Co. NA raised its position in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Twilio during the fourth quarter worth $75,000. Institutional investors own 84.27% of the company's stock.

Insider Activity

In other news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is currently owned by company insiders.

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Twilio Trading Up 2.2 %

Shares of TWLO traded up $1.87 during mid-day trading on Tuesday, reaching $88.29. The company's stock had a trading volume of 1,519,413 shares, compared to its average volume of 2,638,569. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The stock has a market cap of $13.48 billion, a PE ratio of -137.95, a P/E/G ratio of 4.30 and a beta of 1.50. The company's fifty day moving average price is $108.62 and its two-hundred day moving average price is $103.16. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last released its 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TWLO has been the topic of several research analyst reports. Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $144.00 to $160.00 in a research note on Monday, February 24th. William Blair reiterated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Scotiabank boosted their target price on shares of Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. StockNews.com downgraded Twilio from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.26.

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.