First Republic Investment Management Inc. Acquires 1,681 Shares of Twilio Inc. (NYSE:TWLO)

First Republic Investment Management Inc. lifted its holdings in Twilio Inc. (NYSE:TWLO) by 4.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 36,542 shares of the technology company’s stock after purchasing an additional 1,681 shares during the quarter. First Republic Investment Management Inc.’s holdings in Twilio were worth $2,435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TWLO. Belpointe Asset Management LLC acquired a new position in shares of Twilio during the fourth quarter worth about $63,000. Silver Oak Securities Incorporated bought a new position in shares of Twilio during the 1st quarter worth approximately $221,000. Global Retirement Partners LLC raised its holdings in shares of Twilio by 59.7% in the first quarter. Global Retirement Partners LLC now owns 1,378 shares of the technology company’s stock valued at $69,000 after purchasing an additional 515 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Twilio by 14.6% in the first quarter. CIBC Private Wealth Group LLC now owns 146,387 shares of the technology company’s stock worth $4,871,000 after purchasing an additional 18,640 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Twilio by 3.9% during the fourth quarter. Schroder Investment Management Group now owns 27,002 shares of the technology company’s stock worth $1,322,000 after purchasing an additional 1,013 shares during the last quarter. 80.87% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

NYSE:TWLO opened at $66.83 on Friday. Twilio Inc. has a twelve month low of $41.00 and a twelve month high of $81.25. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $62.78 and its 200 day simple moving average is $61.80. The firm has a market capitalization of $12.10 billion, a PE ratio of -10.10 and a beta of 1.34.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.24. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $984.52 million. Twilio had a negative net margin of 30.11% and a negative return on equity of 4.85%. On average, analysts anticipate that Twilio Inc. will post -1 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 3,885 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $64.09, for a total transaction of $248,989.65. Following the completion of the transaction, the insider now directly owns 153,621 shares in the company, valued at $9,845,569.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Twilio news, insider Elena A. Donio sold 2,642 shares of Twilio stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $63.53, for a total transaction of $167,846.26. Following the transaction, the insider now directly owns 435,681 shares of the company’s stock, valued at approximately $27,678,813.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 3,885 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $64.09, for a total value of $248,989.65. Following the transaction, the insider now owns 153,621 shares of the company’s stock, valued at $9,845,569.89. The disclosure for this sale can be found here. Insiders have sold 38,404 shares of company stock worth $2,390,869 over the last quarter. Corporate insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TWLO. Piper Sandler cut their price target on shares of Twilio from $71.00 to $68.00 in a research report on Wednesday, August 9th. Northland Securities boosted their target price on shares of Twilio from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. Royal Bank of Canada cut shares of Twilio from a “sector perform” rating to an “underperform” rating and cut their price target for the company from $55.00 to $50.00 in a research note on Monday, July 24th. Needham & Company LLC restated a “buy” rating and set a $75.00 price objective on shares of Twilio in a research note on Friday, August 25th. Finally, Argus upgraded Twilio from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Twilio presently has an average rating of “Hold” and an average price target of $71.64.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.