Fiducient Advisors LLC Increases Position in Twilio Inc. (NYSE:TWLO)

Fiducient Advisors LLC increased its position in Twilio Inc. (NYSE:TWLO) by 57.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the technology company’s stock after acquiring an additional 2,000 shares during the period. Fiducient Advisors LLC’s holdings in Twilio were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of Twilio in the fourth quarter worth about $25,000. SouthState Corp increased its holdings in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Twilio in the 2nd quarter worth approximately $29,000. Activest Wealth Management raised its position in Twilio by 327.9% during the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. Finally, Westend Capital Management LLC acquired a new stake in Twilio during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $58.10 on Friday. The business’s 50 day moving average price is $59.31 and its 200-day moving average price is $59.30. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The firm has a market capitalization of $9.95 billion, a PE ratio of -14.49, a P/E/G ratio of 3.46 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.23) EPS. As a group, equities research analysts expect that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 591 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now owns 156,737 shares in the company, valued at approximately $9,540,581.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Aidan Viggiano sold 6,797 shares of Twilio stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01. Following the transaction, the chief financial officer now owns 195,048 shares in the company, valued at approximately $10,987,053.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 591 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now directly owns 156,737 shares in the company, valued at approximately $9,540,581.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,030 shares of company stock worth $2,677,475. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley downgraded Twilio from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Sanford C. Bernstein boosted their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Tigress Financial upped their target price on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company lifted their price target on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.52.

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.