Twilio Inc. (NYSE:TWLO) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 58.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,429 shares of the technology company's stock after buying an additional 5,302 shares during the period. Avantax Advisory Services Inc.'s holdings in Twilio were worth $1,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its stake in Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock worth $600,447,000 after acquiring an additional 77,436 shares in the last quarter. Pacer Advisors Inc. raised its stake in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after acquiring an additional 444,295 shares in the last quarter. Geode Capital Management LLC raised its stake in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock worth $177,622,000 after acquiring an additional 33,824 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock worth $109,056,000 after acquiring an additional 99,786 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Twilio by 0.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock worth $56,541,000 after acquiring an additional 4,061 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

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Twilio Price Performance

TWLO stock traded up $1.65 during trading on Friday, reaching $103.44. 2,330,031 shares of the company were exchanged, compared to its average volume of 2,624,884. The company has a market cap of $15.79 billion, a P/E ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock's 50 day moving average price is $121.32 and its 200 day moving average price is $98.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several research analyst reports. Monness Crespi & Hardt lifted their price target on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Needham & Company LLC lifted their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada restated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday. Scotiabank lifted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Finally, Robert W. Baird upgraded shares of Twilio from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $115.00 to $160.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares of the company's stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. 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. Insiders own 4.50% of the company's stock.

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.