4,843 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC purchased a new position in shares of Twilio Inc. (NYSE:TWLO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,843 shares of the technology company’s stock, valued at approximately $323,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in Twilio by 18.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock worth $114,000 after buying an additional 109 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in Twilio by 8.3% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock worth $285,000 after purchasing an additional 133 shares in the last quarter. Covestor Ltd boosted its position in Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after purchasing an additional 172 shares in the last quarter. Nordea Investment Management AB boosted its position in Twilio by 1.7% during the fourth quarter. Nordea Investment Management AB now owns 10,533 shares of the technology company’s stock worth $505,000 after purchasing an additional 179 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in Twilio by 0.7% during the second quarter. Utah Retirement Systems now owns 29,919 shares of the technology company’s stock worth $2,508,000 after purchasing an additional 200 shares in the last quarter. 80.87% of the stock is owned by institutional investors.

Twilio Price Performance

TWLO stock opened at $65.48 on Monday. Twilio Inc. has a 1 year low of $41.00 and a 1 year high of $81.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.14 and a current ratio of 6.14. The stock’s 50 day moving average price is $62.82 and its 200 day moving average price is $61.70. The firm has a market cap of $11.86 billion, a P/E ratio of -9.89 and a beta of 1.34.

Twilio (NYSE:TWLO) last posted its earnings results on Tuesday, August 8th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.24. Twilio had a negative return on equity of 4.85% and a negative net margin of 30.11%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $984.52 million. On average, sell-side analysts expect that Twilio Inc. will post -0.92 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In other news, insider Elena A. Donio sold 7,760 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $60.65, for a total transaction of $470,644.00. Following the completion of the sale, the insider now directly owns 427,921 shares in the company, valued at approximately $25,953,408.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Twilio news, insider Elena A. Donio sold 7,760 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $60.65, for a total value of $470,644.00. Following the completion of the transaction, the insider now directly owns 427,921 shares of the company’s stock, valued at approximately $25,953,408.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 7,062 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $64.35, for a total transaction of $454,439.70. Following the completion of the transaction, the insider now directly owns 144,560 shares of the company’s stock, valued at $9,302,436. The disclosure for this sale can be found here. Insiders sold a total of 38,404 shares of company stock worth $2,390,869 in the last ninety days. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several research reports. StockNews.com initiated coverage on Twilio in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Jefferies Financial Group increased their price target on Twilio from $50.00 to $55.00 in a report on Friday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Twilio in a report on Friday, August 25th. Royal Bank of Canada cut Twilio from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from $55.00 to $50.00 in a research note on Monday, July 24th. Finally, Sanford C. Bernstein raised their target price on Twilio from $58.00 to $68.00 in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.