Proem Advisors LLC Buys New Position in Twilio Inc. (NYSE:TWLO)

Proem Advisors LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,000 shares of the technology company's stock, valued at approximately $3,242,000. Twilio makes up approximately 0.9% of Proem Advisors LLC's investment portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC increased its holdings 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 last quarter. Parkside Financial Bank & Trust increased its holdings in shares of 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 acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Twilio during the fourth quarter worth $44,000. Private Trust Co. NA increased its stake in Twilio by 395.6% during 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 during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Twilio in the 4th quarter worth about $75,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Down 3.0 %

Shares of TWLO stock traded down $2.43 during trading hours on Wednesday, reaching $78.91. 774,202 shares of the stock traded hands, compared to its average volume of 2,631,219. 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 capitalization of $12.04 billion, a PE ratio of -123.15, a PEG ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The business has a fifty day moving average price of $114.46 and a 200 day moving average price of $102.29.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on TWLO shares. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. Jefferies Financial Group increased their target price on Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, UBS Group increased their price objective on shares of Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares of the company's stock, valued at $21,630,061.80. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is currently owned by company 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.