Miracle Mile Advisors LLC Has $546,000 Stock Position in Twilio Inc. (NYSE:TWLO)

Miracle Mile Advisors LLC decreased its stake in shares of Twilio Inc. (NYSE:TWLO) by 9.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,932 shares of the technology company’s stock after selling 984 shares during the period. Miracle Mile Advisors LLC’s holdings in Twilio were worth $546,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Twilio by 1.1% during the 3rd quarter. Invesco Ltd. now owns 192,951 shares of the technology company’s stock valued at $11,293,000 after purchasing an additional 2,009 shares during the period. LPL Financial LLC lifted its position in Twilio by 1.8% during the 3rd quarter. LPL Financial LLC now owns 122,846 shares of the technology company’s stock valued at $7,190,000 after purchasing an additional 2,149 shares during the period. Synovus Financial Corp lifted its position in Twilio by 6.9% during the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after purchasing an additional 306 shares during the period. Tower Research Capital LLC TRC lifted its position in Twilio by 31.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 13,165 shares of the technology company’s stock valued at $771,000 after purchasing an additional 3,122 shares during the period. Finally, Axxcess Wealth Management LLC lifted its position in Twilio by 4.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock valued at $345,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 0.1 %

Shares of TWLO opened at $56.75 on Tuesday. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The company has a 50 day moving average of $58.49 and a 200-day moving average of $63.60. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.15. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. On average, sell-side analysts predict that Twilio Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 3,375 shares of Twilio stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the sale, the chief financial officer now owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dana Wagner sold 841 shares of Twilio stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total transaction of $51,662.63. Following the completion of the sale, the insider now owns 166,773 shares of the company’s stock, valued at $10,244,865.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 3,375 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total value of $205,166.25. Following the completion of the transaction, the chief financial officer now owns 231,036 shares in the company, valued at approximately $14,044,678.44. The disclosure for this sale can be found here. Insiders sold 30,625 shares of company stock valued at $1,770,359 in the last quarter. 4.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. UBS Group lowered their price target on Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Jefferies Financial Group lowered their price target on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Sanford C. Bernstein lowered their price target on Twilio from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. Finally, Robert W. Baird lowered their price target on Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $69.48.

About Twilio

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.