SP Asset Management LLC Invests $202,000 in Twilio Inc. (NYSE:TWLO)

SP Asset Management LLC bought a new position in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,865 shares of the technology company’s stock, valued at approximately $202,000.

Several other institutional investors have also made changes to their positions in the company. True Wealth Design LLC boosted its holdings in shares of Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Twilio during the fourth quarter worth approximately $44,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Twilio during the third quarter worth approximately $46,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and lifted their target price for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Wells Fargo & Company lifted their target price on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $115.00 to $160.00 in a research note on Friday, January 24th. StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Twilio Trading Up 1.7 %

Shares of Twilio stock opened at $116.73 on Thursday. The firm has a market capitalization of $17.90 billion, a PE ratio of -182.39, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company’s fifty day moving average price is $123.38 and its two-hundred day moving average price is $95.75. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly 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). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is owned by 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.