New York Life Investment Management LLC Boosts Stock Holdings in Twilio Inc. (NYSE:TWLO)

New York Life Investment Management LLC lifted its stake in Twilio Inc. (NYSE:TWLO) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,802 shares of the technology company’s stock after buying an additional 683 shares during the period. New York Life Investment Management LLC’s holdings in Twilio were worth $1,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Zone Wealth Advisors LLC lifted its position in Twilio by 4.0% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock valued at $359,000 after purchasing an additional 181 shares during the last quarter. Brighton Jones LLC raised its holdings in Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after buying an additional 185 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its position in Twilio by 15.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after buying an additional 192 shares during the period. CIBC Asset Management Inc grew its holdings in Twilio by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,197 shares of the technology company’s stock worth $363,000 after acquiring an additional 208 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Twilio by 4.0% in the third quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock valued at $345,000 after acquiring an additional 228 shares during the period. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 2.3 %

Shares of TWLO stock opened at $63.32 on Tuesday. 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 firm’s 50 day moving average is $60.61 and its 200 day moving average is $64.31. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. 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. Oppenheimer reissued an “outperform” rating and set a $75.00 target price on shares of Twilio in a research note on Wednesday, April 17th. Barclays raised their price target on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, UBS Group reduced their target price on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.90.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 841 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total transaction of $51,662.63. Following the completion of the transaction, the insider now owns 166,773 shares in the company, valued at approximately $10,244,865.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Twilio news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 841 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $61.43, for a total transaction of $51,662.63. Following the transaction, the insider now owns 166,773 shares in the company, valued at $10,244,865.39. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock worth $1,910,447 in the last three months. 4.20% of the stock is owned by company 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.