Congress Wealth Management LLC DE Purchases New Stake in Twilio Inc. (NYSE:TWLO)

Congress Wealth Management LLC DE acquired a new position in shares of 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. The institutional investor acquired 3,449 shares of the technology company's stock, valued at approximately $373,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC raised its position in shares of Twilio by 1,267.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock worth $49,115,000 after acquiring an additional 421,199 shares during the last quarter. KBC Group NV raised its holdings in Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company's stock worth $30,389,000 after purchasing an additional 258,469 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Twilio during the 4th quarter valued at about $25,778,000. Franklin Resources Inc. boosted its stake in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock valued at $14,341,000 after purchasing an additional 193,971 shares during the last quarter. Finally, Amundi grew its position in shares of Twilio by 53.4% during the 4th quarter. Amundi now owns 517,052 shares of the technology company's stock worth $57,424,000 after buying an additional 179,899 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TWLO shares. Piper Sandler restated an "overweight" rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Stifel Nicolaus increased their price target on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Tigress Financial lifted their price objective on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Needham & Company LLC upped their price objective on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, Barclays raised their target price on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. 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 issued a strong buy rating to the company's stock. According to MarketBeat, Twilio presently has an average rating of "Moderate Buy" and an average target price of $135.35.

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Twilio Stock Down 11.3 %

NYSE:TWLO traded down $11.35 during trading hours on Thursday, reaching $89.02. 4,846,489 shares of the stock were exchanged, compared to its average volume of 2,628,890. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock has a market cap of $13.59 billion, a PE ratio of -139.09, a PEG ratio of 4.30 and a beta of 1.50. The firm has a 50 day moving average of $119.24 and a 200 day moving average of $101.42.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results 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). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares of the company's stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the company'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 completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,857 shares of company stock valued at $4,318,654. 4.50% of the stock is owned by insiders.

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.