Sanctuary Advisors LLC Grows Stake in Twilio Inc. (NYSE:TWLO)

Sanctuary Advisors LLC increased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,834 shares of the technology company’s stock after purchasing an additional 3,463 shares during the quarter. Sanctuary Advisors LLC’s holdings in Twilio were worth $1,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TWLO. Ritholtz Wealth Management purchased a new stake in shares of Twilio during the 4th quarter worth approximately $344,000. KBC Group NV lifted its position in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in Twilio in the fourth quarter valued at $230,000. Zacks Investment Management purchased a new position in shares of Twilio during the third quarter worth about $3,386,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 23,406 shares of company stock worth $2,656,889 in the last quarter. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TWLO. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. UBS Group increased their price objective on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Scotiabank lifted their target price on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Wells Fargo & Company increased their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.74.

Twilio Price Performance

Shares of NYSE TWLO opened at $117.90 on Tuesday. The company’s fifty day moving average is $122.21 and its two-hundred day moving average is $93.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market capitalization of $18.08 billion, a P/E ratio of -184.23, a PEG ratio of 4.30 and a beta of 1.42. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Analysts forecast that Twilio Inc. will post 1.44 EPS 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.