Farther Finance Advisors LLC Buys 487 Shares of Twilio Inc. (NYSE:TWLO)

Farther Finance Advisors LLC grew its stake in shares of Twilio Inc. (NYSE:TWLO) by 55.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,370 shares of the technology company’s stock after buying an additional 487 shares during the quarter. Farther Finance Advisors LLC’s holdings in Twilio were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TWLO. Brighton Jones LLC lifted its holdings in shares of Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 623 shares during the period. Empowered Funds LLC acquired a new position in shares of Twilio during the fourth quarter valued at about $294,000. Principal Securities Inc. increased its position in shares of Twilio by 133.1% during the fourth quarter. Principal Securities Inc. now owns 1,303 shares of the technology company’s stock worth $141,000 after acquiring an additional 744 shares in the last quarter. Allworth Financial LP increased its position in shares of Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after acquiring an additional 94 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of Twilio by 9.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,053 shares of the technology company’s stock worth $438,000 after acquiring an additional 335 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Price Performance

Shares of NYSE:TWLO opened at $116.77 on Friday. The stock has a market cap of $17.83 billion, a PE ratio of -556.06, a PEG ratio of 3.63 and a beta of 1.30. Twilio Inc. has a 52 week low of $53.06 and a 52 week high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $107.57 and its 200 day moving average is $111.17.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $0.80 EPS. The company’s revenue was up 12.0% on a year-over-year basis. Research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

TWLO has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price objective on shares of Twilio from $160.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Wall Street Zen downgraded shares of Twilio from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. Tigress Financial restated a “buy” rating and set a $170.00 price target on shares of Twilio in a research note on Thursday, May 8th. Scotiabank upped their price target on shares of Twilio from $130.00 to $135.00 and gave the company a “sector outperform” rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.39.

Insider Transactions at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares of the company’s stock, valued at $16,936,243.20. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,884 shares of company stock valued at $4,719,065. Company insiders own 0.21% of the company’s stock.

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.