180 Wealth Advisors LLC Grows Stock Holdings in Twilio Inc. (NYSE:TWLO)

180 Wealth Advisors LLC lifted its stake in Twilio Inc. (NYSE:TWLO) by 29.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,633 shares of the technology company’s stock after acquiring an additional 12,201 shares during the period. 180 Wealth Advisors LLC’s holdings in Twilio were worth $3,280,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TWLO. Principal Securities Inc. bought a new position in Twilio in the 4th quarter valued at $25,000. Truvestments Capital LLC raised its position in shares of Twilio by 123.5% in the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after buying an additional 247 shares in the last quarter. Westend Capital Management LLC bought a new stake in Twilio during the first quarter valued at $35,000. Blue Trust Inc. grew its position in Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after buying an additional 564 shares in the last quarter. Finally, Friedenthal Financial bought a new position in Twilio in the 4th quarter worth about $46,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Up 0.5 %

Shares of NYSE:TWLO traded up $0.27 during midday trading on Friday, hitting $56.26. 593,818 shares of the stock traded hands, compared to its average volume of 3,028,554. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $58.55 and its two-hundred day moving average is $63.87. The stock has a market capitalization of $9.63 billion, a PE ratio of -13.93, a P/E/G ratio of 9.32 and a beta of 1.34. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. As a group, research analysts forecast that Twilio Inc. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on TWLO. Tigress Financial initiated coverage on Twilio in a report on Friday. They set a “buy” rating and a $75.00 price objective for the company. Jefferies Financial Group decreased their price target on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Robert W. Baird dropped their price objective on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. TD Cowen reduced their target price on Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus lowered their price target on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.48.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 6,633 shares of Twilio 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 sale, the chief financial officer now owns 234,411 shares of the company’s stock, valued at approximately $14,561,611.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Aidan Viggiano sold 6,633 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.12, for a total value of $412,041.96. Following the completion of the transaction, the chief financial officer now owns 234,411 shares of the company’s stock, valued at approximately $14,561,611.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,130 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 167,614 shares of the company’s stock, valued at approximately $10,415,533.96. The disclosure for this sale can be found here. Insiders sold 52,349 shares of company stock valued at $3,120,046 over the last quarter. 4.50% of the stock is owned by company insiders.

Twilio 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.