CX Institutional Invests $39,000 in Twilio Inc. (NYSE:TWLO)

CX Institutional bought a new stake in Twilio Inc. (NYSE:TWLO) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 403 shares of the technology company’s stock, valued at approximately $39,000.

Several other large investors have also modified their holdings of the stock. M&T Bank Corp raised its holdings in shares of Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $943,000 after purchasing an additional 85 shares during the period. Allworth Financial LP grew its position in shares of Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after buying an additional 94 shares during the last quarter. Freestone Capital Holdings LLC raised its stake in 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 acquiring an additional 124 shares during the period. Harbour Investments Inc. raised its stake in Twilio by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company’s stock worth $439,000 after acquiring an additional 135 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Twilio by 6.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company’s stock worth $239,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of Twilio stock opened at $116.23 on Wednesday. The firm has a market cap of $17.74 billion, a P/E ratio of -553.46, a P/E/G ratio of 3.63 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The firm has a 50 day simple moving average of $105.86 and a 200 day simple moving average of $110.99. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 14,545 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the transaction, the chief executive officer now owns 280,589 shares of the company’s stock, valued at approximately $25,704,758.29. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director now owns 33,488 shares of the company’s stock, valued at $4,019,564.64. This trade represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,884 shares of company stock worth $4,719,065 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TWLO. Tigress Financial reissued a “buy” rating and issued a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. The Goldman Sachs Group raised their target price on Twilio from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. UBS Group lowered their price target on shares of Twilio from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Morgan Stanley dropped their price objective on shares of Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $126.39.

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.