NewEdge Advisors LLC Purchases 7,044 Shares of Twilio Inc. (NYSE:TWLO)

NewEdge Advisors LLC lifted its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 2,648.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,310 shares of the technology company's stock after acquiring an additional 7,044 shares during the period. NewEdge Advisors LLC's holdings in Twilio were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC lifted its stake in 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 buying an additional 266 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new stake in Twilio in the fourth quarter worth $44,000. Private Trust Co. NA increased its stake in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Twilio during the fourth quarter valued at about $75,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TWLO. JMP Securities restated a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. Monness Crespi & Hardt boosted their price objective on Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a report on Monday, January 27th. Mizuho lowered their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Tigress Financial lifted their price target on shares of Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group upgraded shares of Twilio from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $77.00 to $185.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.30.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares of the company's stock, valued at $21,630,061.80. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated Monday, March 31st. The stock was 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. In the last ninety days, insiders sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 4.50% of the company's stock.

Twilio Stock Performance

NYSE TWLO opened at $95.15 on Friday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a 50-day simple moving average of $99.35 and a 200 day simple moving average of $103.94. The company has a market capitalization of $14.52 billion, a PE ratio of -148.67, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion during 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%. On average, research analysts predict that Twilio Inc. will post 1.44 EPS for the current 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.

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