5,398 Shares in Twilio Inc. (NYSE:TWLO) Purchased by Palacios Wealth Management LLC

Palacios Wealth Management LLC bought a new position in Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,398 shares of the technology company’s stock, valued at approximately $606,000. Twilio makes up 0.7% of Palacios Wealth Management LLC’s holdings, making the stock its 29th largest position.

A number of other hedge funds also recently made changes to their positions in the company. Certuity LLC purchased a new stake in shares of Twilio in the fourth quarter worth about $255,000. Focus Financial Network Inc. purchased a new stake in shares of Twilio in the fourth quarter worth about $261,000. Summit Trail Advisors LLC purchased a new stake in shares of Twilio in the fourth quarter worth about $657,000. Savant Capital LLC lifted its position in shares of Twilio by 2.2% in the fourth quarter. Savant Capital LLC now owns 27,707 shares of the technology company’s stock worth $2,995,000 after buying an additional 606 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Twilio in the fourth quarter worth about $294,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Up 1.9 %

Shares of NYSE:TWLO opened at $147.27 on Friday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The business’s 50 day moving average is $120.22 and its 200 day moving average is $89.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. Sell-side analysts predict that Twilio Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TWLO. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Morgan Stanley upped their price objective on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Jefferies Financial Group upped their price objective on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Scotiabank upped their price objective on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Finally, Tigress Financial upped their price objective on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock valued at $2,483,695 over the last quarter. 4.50% of the stock is owned by corporate 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.