Bank Julius Baer & Co. Ltd Zurich Takes $57,000 Position in Twilio Inc. (NYSE:TWLO)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 750 shares of the technology company’s stock, valued at approximately $57,000.

Several other institutional investors also recently made changes to their positions in the stock. Truvestments Capital LLC boosted its position in Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after purchasing an additional 247 shares during the period. Blue Trust Inc. boosted its position in Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after purchasing an additional 564 shares during the period. Friedenthal Financial purchased a new stake in Twilio during the 4th quarter worth $46,000. Fifth Third Bancorp purchased a new stake in Twilio during the 4th quarter worth $49,000. Finally, EMC Capital Management purchased a new stake in Twilio during the 3rd quarter worth $87,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Trading Up 1.5 %

TWLO opened at $60.89 on Monday. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16. The company’s 50-day moving average price is $60.11 and its 200 day moving average price is $64.09. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TWLO shares. The Goldman Sachs Group upped their price target on shares of Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Wells Fargo & Company decreased their price target on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 6th. Robert W. Baird boosted their price objective on shares of Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Stifel Nicolaus cut their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Twilio currently has an average rating of “Hold” and an average target price of $68.90.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 167,101 shares in the company, valued at approximately $10,529,034.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Dana Wagner sold 458 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the transaction, the insider now directly owns 171,744 shares in the company, valued at $9,567,858.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,958 shares of company stock worth $1,910,447. Insiders own 4.20% 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.