Empowered Funds LLC Invests $294,000 in Twilio Inc. (NYSE:TWLO)

Empowered Funds LLC purchased a new position in 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 purchased 2,723 shares of the technology company’s stock, valued at approximately $294,000.

Other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its holdings in shares of Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after purchasing an additional 104 shares during the last quarter. Tidal Investments LLC boosted its holdings in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 112 shares during the last quarter. Covestor Ltd lifted its holdings in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares during the period. GAMMA Investing LLC raised its stake in shares of Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after buying an additional 170 shares during the period. Finally, Metis Global Partners LLC boosted its stake in shares of Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after acquiring an additional 182 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,406 shares of company stock valued at $2,656,889. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Needham & Company LLC boosted their target price on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Piper Sandler reiterated an “overweight” rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Scotiabank boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Finally, Wells Fargo & Company increased their price target on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.91.

Twilio Stock Performance

Shares of TWLO stock opened at $117.92 on Friday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $18.09 billion, a P/E ratio of -184.25, a P/E/G ratio of 4.70 and a beta of 1.43. The company’s fifty day moving average price is $122.01 and its two-hundred day moving average price is $91.78.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company had revenue of $1.19 billion during 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%. On average, research analysts anticipate that Twilio Inc. will post 1.4 earnings per share for the current fiscal year.

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.