SVB Wealth LLC Buys 2,179 Shares of Twilio Inc. (NYSE:TWLO)

SVB Wealth LLC boosted its position in Twilio Inc. (NYSE:TWLO) by 40.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,532 shares of the technology company’s stock after purchasing an additional 2,179 shares during the quarter. SVB Wealth LLC’s holdings in Twilio were worth $571,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Twilio by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock valued at $1,028,245,000 after purchasing an additional 445,877 shares during the last quarter. BlackRock Inc. increased its position in Twilio by 2.3% during the 1st quarter. BlackRock Inc. now owns 11,519,294 shares of the technology company’s stock valued at $767,531,000 after buying an additional 256,578 shares in the last quarter. ARK Investment Management LLC raised its stake in Twilio by 1.3% in the third quarter. ARK Investment Management LLC now owns 7,132,012 shares of the technology company’s stock valued at $417,437,000 after buying an additional 93,828 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Twilio by 1.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company’s stock worth $359,118,000 after acquiring an additional 111,093 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Twilio by 0.8% during the second quarter. State Street Corp now owns 3,622,323 shares of the technology company’s stock worth $230,452,000 after acquiring an additional 28,487 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Stock Performance

Shares of Twilio stock opened at $57.55 on Friday. Twilio Inc. has a twelve month low of $45.02 and a twelve month high of $78.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The business has a 50-day moving average price of $60.74 and a 200 day moving average price of $63.93.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, analysts predict that Twilio Inc. will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the transaction, the insider now directly owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares in the company, valued at $8,208,291.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the sale, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock valued at $1,910,447 in the last 90 days. 4.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on TWLO. The Goldman Sachs Group increased their price objective on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. TD Cowen lowered their price objective on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. Jefferies Financial Group cut their target price on Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Robert W. Baird raised their target price on Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Piper Sandler upgraded Twilio from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $82.00 in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Twilio presently has an average rating of “Hold” and an average price target of $68.90.

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.