Thoroughbred Financial Services LLC Makes New $670,000 Investment in Twilio Inc. (NYSE:TWLO)

Thoroughbred Financial Services LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,200 shares of the technology company’s stock, valued at approximately $670,000.

Several other large investors have also made changes to their positions in the company. JFS Wealth Advisors LLC increased its stake in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in Twilio in the fourth quarter valued at approximately $44,000. Private Trust Co. NA lifted its position in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after buying an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Twilio during the fourth quarter worth approximately $75,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Down 6.8 %

TWLO stock opened at $83.40 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm’s 50-day simple moving average is $118.19 and its 200 day simple moving average is $101.87. The stock has a market cap of $12.73 billion, a PE ratio of -130.32, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,857 shares of company stock valued at $4,318,654 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Oppenheimer boosted their price objective on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Stifel Nicolaus increased their target price on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Needham & Company LLC increased their price objective on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Twilio has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Twilio Company 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.