Atlas Wealth LLC Buys New Stake in Twilio Inc. (NYSE:TWLO)

Atlas Wealth LLC bought a new stake in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the technology company’s stock, valued at approximately $432,000.

Several other large investors have also recently bought and sold shares of the business. M&T Bank Corp increased its holdings in Twilio by 1.0% in the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after buying an additional 85 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after purchasing an additional 94 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Twilio by 10.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after purchasing an additional 104 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the last quarter. Finally, Freestone Capital Holdings LLC grew its holdings in shares of Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock worth $423,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of NYSE:TWLO opened at $103.44 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $15.79 billion, a P/E ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a 50-day moving average price of $121.32 and a 200 day moving average price of $98.86.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TWLO. Scotiabank raised their price objective on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Needham & Company LLC raised their price objective on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $160.00 in a report on Friday, January 24th. William Blair reiterated an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.35.

About Twilio

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.