Cetera Investment Advisers Purchases 990 Shares of Twilio Inc. (NYSE:TWLO)

Cetera Investment Advisers boosted its position in shares of Twilio Inc. (NYSE:TWLO) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,794 shares of the technology company’s stock after acquiring an additional 990 shares during the quarter. Cetera Investment Advisers’ holdings in Twilio were worth $5,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after buying an additional 85 shares during the last quarter. Allworth Financial LP raised its holdings in 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. GHP Investment Advisors Inc. raised its holdings in Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after buying an additional 104 shares during the last quarter. Freestone Capital Holdings LLC raised its holdings in Twilio by 3.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock valued at $423,000 after buying an additional 124 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Twilio by 3.4% during the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company’s stock valued at $439,000 after buying an additional 135 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TWLO shares. Tigress Financial reiterated a “buy” rating and set a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. Robert W. Baird dropped their price target on Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus raised their price target on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Barclays raised their price target on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, Monness Crespi & Hardt raised their price target on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $124.41.

Twilio Stock Performance

Shares of Twilio stock opened at $114.63 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $17.50 billion, a P/E ratio of -179.11, a P/E/G ratio of 4.30 and a beta of 1.44. The business has a fifty day simple moving average of $95.98 and a two-hundred day simple moving average of $106.85. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.80 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.