4,520 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Atria Investments Inc

Atria Investments Inc 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 and Exchange Commission (SEC). The institutional investor bought 4,520 shares of the technology company's stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TWLO. Venturi Wealth Management LLC grew its holdings in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock valued at $48,000 after purchasing an additional 493 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Twilio by 0.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company's stock valued at $24,507,000 after acquiring an additional 3,238 shares during the last quarter. Victory Capital Management Inc. grew its position in Twilio by 41.8% during the 3rd quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company's stock worth $2,537,000 after acquiring an additional 11,472 shares during the last quarter. KBC Group NV lifted its position in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company's stock valued at $1,481,000 after purchasing an additional 9,140 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company's stock worth $51,000 after buying an additional 532 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares in the company, 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. Over the last quarter, insiders sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

TWLO has been the topic of a number of research reports. Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $144.00 to $160.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. upped their target price on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Piper Sandler reissued an "overweight" rating and issued a $142.00 target price (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and increased their price objective for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Finally, Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

Twilio Stock Up 3.7 %

Shares of Twilio stock traded up $3.70 during trading on Wednesday, hitting $102.96. 1,430,402 shares of the stock traded hands, compared to its average volume of 2,631,629. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $15.72 billion, a P/E ratio of -160.88, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The stock's fifty day simple moving average is $121.75 and its 200 day simple moving average is $98.53.

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 business 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%. On average, equities analysts predict 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.