Envestnet Asset Management Inc. Grows Position in Twilio Inc. (NYSE:TWLO)

Envestnet Asset Management Inc. raised its position in Twilio Inc. (NYSE:TWLO) by 74.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,120 shares of the technology company’s stock after purchasing an additional 35,127 shares during the quarter. Envestnet Asset Management Inc. owned 0.05% of Twilio worth $8,040,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its stake in shares of Twilio by 211.8% in the first quarter. Concurrent Investment Advisors LLC now owns 5,878 shares of the technology company’s stock valued at $575,000 after buying an additional 3,993 shares in the last quarter. Horizon Financial Services LLC grew its stake in Twilio by 9,692.0% during the 1st quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company’s stock valued at $240,000 after purchasing an additional 2,423 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Twilio during the 1st quarter valued at approximately $294,000. QRG Capital Management Inc. grew its stake in Twilio by 198.2% during the 1st quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company’s stock valued at $791,000 after purchasing an additional 5,368 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Twilio by 9.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company’s stock valued at $202,000 after purchasing an additional 174 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Performance

TWLO stock opened at $131.01 on Tuesday. The company has a market cap of $20.00 billion, a P/E ratio of -623.84, a price-to-earnings-growth ratio of 4.07 and a beta of 1.30. Twilio Inc. has a twelve month low of $56.16 and a twelve month 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 business’s fifty day moving average is $118.52 and its 200-day moving average is $112.74.

Twilio (NYSE:TWLO) last released its 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. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Equities research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 8,297 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the sale, the chief financial officer directly owned 147,823 shares in the company, valued at $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the firm’s stock in a transaction that occurred on 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 owned 33,488 shares of the company’s stock, valued at $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,888 shares of company stock worth $6,753,409 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TWLO shares. Morgan Stanley lowered their price target on Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group set a $132.00 price target on Twilio and gave the company a “hold” rating in a research report on Sunday, June 15th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Twilio in a research report on Friday, May 16th. Scotiabank lifted their target price on Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a report on Friday, May 2nd. Finally, Wall Street Zen cut Twilio from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and an average target price of $127.22.

Twilio 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.