PFG Investments LLC Acquires New Shares in Twilio Inc. (NYSE:TWLO)

PFG Investments LLC bought a new position in Twilio Inc. (NYSE:TWLO) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,210 shares of the technology company’s stock, valued at approximately $380,000.

Other large investors have also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV increased its position in Twilio by 15.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,439 shares of the technology company’s stock valued at $577,000 after acquiring an additional 1,238 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Twilio in the first quarter valued at $3,726,000. SteelPeak Wealth LLC increased its holdings in Twilio by 75.5% in the first quarter. SteelPeak Wealth LLC now owns 7,808 shares of the technology company’s stock valued at $477,000 after purchasing an additional 3,360 shares during the period. Blue Zone Wealth Advisors LLC lifted its stake in shares of Twilio by 9.1% in the first quarter. Blue Zone Wealth Advisors LLC now owns 5,160 shares of the technology company’s stock worth $316,000 after acquiring an additional 432 shares during the period. Finally, 180 Wealth Advisors LLC increased its position in shares of Twilio by 29.4% during the first quarter. 180 Wealth Advisors LLC now owns 53,633 shares of the technology company’s stock worth $3,280,000 after buying an additional 12,201 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock worth $1,910,447 over the last ninety days. Company insiders own 4.20% of the company’s stock.

Twilio Stock Performance

Shares of NYSE TWLO traded down $1.39 during trading on Tuesday, reaching $59.87. 1,907,550 shares of the stock traded hands, compared to its average volume of 3,193,139. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The stock has a market capitalization of $10.84 billion, a P/E ratio of -10.81 and a beta of 1.35. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $78.16. The company has a 50-day moving average of $60.22 and a 200-day moving average of $64.16.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Analysts forecast that Twilio Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, April 17th. Wells Fargo & Company cut their target price on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Jefferies Financial Group cut their price objective on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus decreased their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $68.90.

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.