IPG Investment Advisors LLC Makes New $241,000 Investment in Twilio Inc. (NYSE:TWLO)

IPG Investment Advisors LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLOFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,177 shares of the technology company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWLO. Principal Financial Group Inc. raised its stake in shares of Twilio by 203.6% in the third quarter. Principal Financial Group Inc. now owns 207,871 shares of the technology company’s stock worth $12,167,000 after buying an additional 139,395 shares during the period. Private Advisor Group LLC raised its stake in Twilio by 52.9% during the 3rd quarter. Private Advisor Group LLC now owns 8,277 shares of the technology company’s stock worth $484,000 after acquiring an additional 2,862 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Twilio by 13.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 51,391 shares of the technology company’s stock valued at $3,008,000 after purchasing an additional 6,126 shares in the last quarter. Signaturefd LLC boosted its position in shares of Twilio by 13.1% in the third quarter. Signaturefd LLC now owns 4,071 shares of the technology company’s stock worth $238,000 after purchasing an additional 473 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Twilio by 647.6% in the third quarter. Assenagon Asset Management S.A. now owns 53,742 shares of the technology company’s stock worth $3,146,000 after purchasing an additional 46,553 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TWLO. The Goldman Sachs Group upped their target price on shares of Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Jefferies Financial Group cut their target price on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price target on shares of Twilio in a report on Wednesday, March 6th. Stifel Nicolaus cut their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Finally, StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.95.

Get Our Latest Stock Analysis on Twilio

Twilio Stock Performance

TWLO stock remained flat at $59.05 during mid-day trading on Tuesday. 451,956 shares of the company’s stock were exchanged, compared to its average volume of 3,105,423. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The firm has a market cap of $10.11 billion, a PE ratio of -14.73, a PEG ratio of 9.97 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The company has a 50 day simple moving average of $60.73 and a 200-day simple moving average of $65.15.

Twilio (NYSE:TWLOGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. On average, equities analysts expect that Twilio Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Dana Wagner sold 4,130 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.14, for a total transaction of $256,638.20. Following the completion of the transaction, the insider now owns 167,614 shares in the company, valued at approximately $10,415,533.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Aidan Viggiano sold 956 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $58,975.64. Following the completion of the sale, the chief financial officer now owns 228,506 shares in the company, valued at $14,096,535.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,130 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.14, for a total value of $256,638.20. Following the transaction, the insider now owns 167,614 shares in the company, valued at $10,415,533.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,692 shares of company stock valued at $1,714,597. 4.50% of the stock is currently owned by insiders.

Twilio Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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