Ables Iannone Moore & Associates Inc. Purchases Shares of 22,261 Twilio Inc. (NYSE:TWLO)

Ables Iannone Moore & Associates Inc. bought a new position 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 Securities & Exchange Commission. The firm bought 22,261 shares of the technology company’s stock, valued at approximately $1,689,000. Twilio makes up about 1.3% of Ables Iannone Moore & Associates Inc.’s holdings, making the stock its 19th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in shares of Twilio in the fourth quarter worth approximately $25,000. Truvestments Capital LLC grew its stake in Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after purchasing an additional 247 shares during the period. Blue Trust Inc. grew its stake in Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after purchasing an additional 564 shares during the period. Friedenthal Financial purchased a new position in shares of Twilio during the 4th quarter valued at $46,000. Finally, Fifth Third Bancorp purchased a new stake in Twilio during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 1.3 %

Twilio stock traded down $0.71 during mid-day trading on Monday, hitting $53.53. The company’s stock had a trading volume of 2,679,551 shares, compared to its average volume of 3,048,329. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The firm’s 50 day moving average is $59.56 and its 200 day moving average is $64.62. The company has a market cap of $9.16 billion, a PE ratio of -13.41, a price-to-earnings-growth ratio of 9.15 and a beta of 1.34.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on TWLO shares. TD Cowen reduced their price target on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, April 17th. UBS Group decreased their target price on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Sanford C. Bernstein decreased their price objective on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Wednesday, May 8th. Finally, Wells Fargo & Company cut their target price on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Twilio has an average rating of “Hold” and a consensus price target of $69.20.

View Our Latest Stock Analysis on Twilio

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,633 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.12, for a total transaction of $412,041.96. Following the completion of the sale, the chief financial officer now directly owns 234,411 shares in the company, valued at approximately $14,561,611.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Dana Wagner sold 4,130 shares of Twilio stock in a transaction on Monday, April 1st. The shares were 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 approximately $10,415,533.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,633 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.12, for a total transaction of $412,041.96. Following the transaction, the chief financial officer now owns 234,411 shares in the company, valued at approximately $14,561,611.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,349 shares of company stock worth $3,120,046. Company insiders own 4.50% of the company’s stock.

Twilio 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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