Apollon Wealth Management LLC Acquires Shares of 2,685 Twilio Inc. (NYSE:TWLO)

Apollon Wealth Management LLC acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,685 shares of the technology company's stock, valued at approximately $290,000.

Several other large investors also recently bought and sold shares of the stock. Tandem Financial LLC acquired a new position in Twilio in the fourth quarter valued at $119,000. Hedeker Wealth LLC acquired a new position in Twilio in the fourth quarter valued at $1,606,000. GHP Investment Advisors Inc. boosted its stake in Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after acquiring an additional 104 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of Twilio in the fourth quarter valued at about $230,000. Finally, Choreo LLC raised its holdings in shares of Twilio by 15.4% in the fourth quarter. Choreo LLC now owns 16,447 shares of the technology company's stock valued at $1,786,000 after buying an additional 2,190 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 1.6 %

Shares of NYSE TWLO traded down $2.00 during trading on Tuesday, hitting $123.17. 2,840,588 shares of the company traded hands, compared to its average volume of 3,839,518. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a 50-day moving average price of $121.50 and a 200-day moving average price of $91.13. The firm has a market capitalization of $18.89 billion, a P/E ratio of -47.93, 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 data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 10.65% and a positive return on equity of 0.85%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, equities analysts predict that Twilio Inc. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Stifel Nicolaus increased their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a report on Friday. TD Cowen increased their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Tigress Financial increased their price target on shares of Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Mizuho increased their target price on shares of Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $130.91.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,552 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now directly owns 125,576 shares of the company's stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,015 shares of company stock valued at $2,483,695. Company insiders own 4.50% of the company's stock.

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.