4,000 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Atlas Wealth LLC

Atlas Wealth LLC bought a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the technology company's stock, valued at approximately $432,000.

Several other institutional investors have also recently made changes to their positions in the business. JFS Wealth Advisors LLC lifted its position in Twilio by 244.0% during 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 raised its stake in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Twilio during the 4th quarter valued at about $44,000. True Wealth Design LLC grew its stake in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after acquiring an additional 416 shares during the period. Finally, Private Trust Co. NA increased its holdings in Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after acquiring an additional 360 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. UBS Group upped their target price on shares of Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their price target on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. Finally, Robert W. Baird raised Twilio from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $115.00 to $160.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Twilio has a consensus rating of "Moderate Buy" and an average price target of $135.35.

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Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company's stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,277 shares of company stock worth $2,441,324. Insiders own 4.50% of the company's stock.

Twilio Trading Down 1.5 %

Shares of NYSE TWLO traded down $1.64 during trading hours on Wednesday, hitting $104.25. 1,219,276 shares of the company traded hands, compared to its average volume of 2,615,446. The company's 50 day moving average price is $121.24 and its 200 day moving average price is $100.05. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of -162.89, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. 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 posted its quarterly earnings data 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). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal 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.