Forte Capital LLC ADV Buys 940 Shares of Twilio Inc. (NYSE:TWLO)

Forte Capital LLC ADV boosted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,165 shares of the technology company’s stock after acquiring an additional 940 shares during the period. Forte Capital LLC ADV’s holdings in Twilio were worth $3,368,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TWLO. Robeco Institutional Asset Management B.V. raised its holdings in Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after buying an additional 630,627 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Twilio by 50,490.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares during the last quarter. KBC Group NV raised its holdings in shares of Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after purchasing an additional 258,469 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after purchasing an additional 193,971 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen increased their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Mizuho increased their target price on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and increased their target price for the company from $115.00 to $160.00 in a report on Friday, January 24th. Barclays increased their target price on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group increased their target price on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.91.

Twilio Trading Down 2.7 %

Shares of NYSE:TWLO opened at $117.92 on Friday. The company has a 50-day moving average price of $122.01 and a two-hundred day moving average price of $91.78. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, equities analysts predict that Twilio Inc. will post 1.4 EPS for the current year.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,406 shares of company stock worth $2,656,889. 4.50% of the stock is owned by company insiders.

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.