CreativeOne Wealth LLC Purchases New Position in Twilio Inc. (NYSE:TWLO)

CreativeOne Wealth LLC acquired a new stake in Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,375 shares of the technology company’s stock, valued at approximately $365,000.

A number of other large investors also recently bought and sold shares of the business. Stifel Financial Corp lifted its stake in Twilio by 176.8% in the 3rd quarter. Stifel Financial Corp now owns 21,833 shares of the technology company’s stock valued at $1,424,000 after buying an additional 13,946 shares in the last quarter. MML Investors Services LLC lifted its position in Twilio by 33.1% during the third quarter. MML Investors Services LLC now owns 7,768 shares of the technology company’s stock worth $507,000 after buying an additional 1,930 shares in the last quarter. Tidal Investments LLC boosted its stake in Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after buying an additional 112 shares during the last quarter. Franklin Resources Inc. grew its holdings in Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after buying an additional 193,971 shares in the last quarter. Finally, American Trust purchased a new position in shares of Twilio during the 3rd quarter worth $224,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock worth $2,344,149 in the last quarter. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TWLO. UBS Group raised their price objective on shares of Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Mizuho reduced their price target on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Finally, Scotiabank raised their price objective on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $132.13.

Twilio Price Performance

TWLO stock opened at $84.76 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. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The business has a 50 day moving average price of $103.89 and a 200 day moving average price of $103.47. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of -132.43, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm 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%. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.