Delap Wealth Advisory LLC Makes New $255,000 Investment in Twilio Inc. (NYSE:TWLO)

Delap Wealth Advisory LLC acquired a new position in shares of Twilio Inc. (NYSE:TWLO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,494 shares of the technology company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new stake in Twilio during the fourth quarter worth about $25,000. SouthState Corp lifted its position in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the second quarter worth approximately $29,000. Westend Capital Management LLC bought a new position in Twilio during the first quarter valued at approximately $35,000. Finally, GAMMA Investing LLC raised its stake in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after acquiring an additional 264 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TWLO has been the topic of several recent research reports. Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $70.00 to $60.00 in a report on Friday, June 14th. Wells Fargo & Company lifted their price objective on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Tigress Financial increased their target price on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Sanford C. Bernstein lifted their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Finally, StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.52.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,797 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01. Following the completion of the transaction, the chief financial officer now owns 195,048 shares of the company’s stock, valued at approximately $10,987,053.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Dana Wagner sold 591 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the transaction, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 6,797 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.33, for a total transaction of $382,875.01. Following the sale, the chief financial officer now owns 195,048 shares in the company, valued at approximately $10,987,053.84. The disclosure for this sale can be found here. Insiders have sold a total of 47,030 shares of company stock valued at $2,677,475 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Twilio Price Performance

TWLO opened at $63.22 on Friday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The company has a market cap of $10.82 billion, a price-to-earnings ratio of -15.77, a price-to-earnings-growth ratio of 3.43 and a beta of 1.35. The stock has a fifty day simple moving average of $59.94 and a two-hundred day simple moving average of $59.42. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned ($0.23) EPS. Twilio’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts predict that Twilio Inc. will post 0.54 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.