CIBC Private Wealth Group LLC Increases Stock Holdings in Twilio Inc. (NYSE:TWLO)

CIBC Private Wealth Group LLC raised its position in Twilio Inc. (NYSE:TWLO - Free Report) by 1,811.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,799 shares of the technology company's stock after purchasing an additional 25,397 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Twilio were worth $2,976,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its holdings in shares of 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 Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Twilio in the fourth quarter worth $44,000. Private Trust Co. NA increased its position in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after acquiring an additional 360 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Twilio in the fourth quarter valued at $75,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business'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 $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,471 shares of company stock worth $2,344,149. Company insiders own 4.50% of the company's stock.

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Wall Street Analyst Weigh In

TWLO has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Stifel Nicolaus raised their target price on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. William Blair reiterated an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Oppenheimer raised their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, JMP Securities restated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Twilio Stock Performance

Shares of NYSE TWLO traded down $0.11 during mid-day trading on Monday, hitting $83.47. 2,983,807 shares of the company were exchanged, compared to its average volume of 2,637,954. The stock has a 50 day simple moving average of $117.08 and a 200-day simple moving average of $102.31. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of -130.42, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.