Arete Wealth Advisors LLC Invests $248,000 in Twilio Inc. (NYSE:TWLO)

Arete Wealth Advisors LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,294 shares of the technology company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. JFS Wealth Advisors LLC raised its position in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio in the 4th quarter valued at $44,000. Private Trust Co. NA lifted its stake in Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Twilio during the 4th quarter valued at about $75,000. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TWLO. Mizuho lifted their target price on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Jefferies Financial Group upped their price objective on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $144.00 to $160.00 in a report on Monday, February 24th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Finally, Piper Sandler reissued an “overweight” rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.35.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % 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. 4.50% of the stock is owned by corporate insiders.

Twilio Price Performance

Shares of TWLO stock opened at $83.40 on Monday. The company’s 50-day simple moving average is $118.19 and its two-hundred day simple moving average is $102.16. 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 Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a market capitalization of $12.73 billion, a P/E ratio of -130.32, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. As a group, equities analysts anticipate that Twilio Inc. will post 1.44 EPS for the current 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.