Azzad Asset Management Inc. ADV Increases Stock Holdings in Twilio Inc. (NYSE:TWLO)

Azzad Asset Management Inc. ADV increased its holdings in Twilio Inc. (NYSE:TWLO) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,280 shares of the technology company’s stock after purchasing an additional 847 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Twilio were worth $670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Farmers Trust Co. grew its position in shares of Twilio by 58.1% in the third quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after purchasing an additional 21,001 shares during the period. SG Americas Securities LLC purchased a new stake in Twilio during the third quarter valued at about $1,274,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Twilio during the second quarter valued at about $170,000. Newbridge Financial Services Group Inc. grew its position in Twilio by 26.8% during the second quarter. Newbridge Financial Services Group Inc. now owns 3,548 shares of the technology company’s stock valued at $202,000 after acquiring an additional 750 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Twilio during the second quarter valued at about $918,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TWLO. JPMorgan Chase & Co. boosted their price target on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Tigress Financial boosted their price target on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Barclays lowered their price target on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Sanford C. Bernstein boosted their price objective 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, Wells Fargo & Company boosted their price objective on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $70.52.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 591 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the sale, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. This represents a 0.00 % 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 the SEC website. Also, CFO Aidan Viggiano sold 1,961 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the transaction, the chief financial officer now directly owns 186,501 shares of the company’s stock, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,394 shares of company stock worth $3,072,756 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Twilio Trading Down 1.2 %

Shares of NYSE TWLO opened at $67.74 on Wednesday. The stock’s 50 day moving average price is $61.38 and its two-hundred day moving average price is $59.70. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The stock has a market capitalization of $11.60 billion, a P/E ratio of -16.89, a PEG ratio of 3.84 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. Twilio’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Twilio 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.