Twilio Inc. (NYSE:TWLO) Stake Lifted by Creative Planning

Creative Planning increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 15.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,451 shares of the technology company’s stock after buying an additional 4,322 shares during the quarter. Creative Planning’s holdings in Twilio were worth $2,116,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Twilio by 450.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the technology company’s stock worth $72,000 after buying an additional 900 shares during the last quarter. Tobam boosted its position in Twilio by 243.6% during the 3rd quarter. Tobam now owns 21,645 shares of the technology company’s stock worth $1,412,000 after acquiring an additional 15,346 shares during the period. CWM LLC boosted its position in Twilio by 45.0% during the 3rd quarter. CWM LLC now owns 20,569 shares of the technology company’s stock worth $1,342,000 after acquiring an additional 6,387 shares during the period. Atomi Financial Group Inc. boosted its position in Twilio by 25.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 5,496 shares of the technology company’s stock worth $358,000 after acquiring an additional 1,113 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in Twilio by 24.6% during the 3rd quarter. Miracle Mile Advisors LLC now owns 11,132 shares of the technology company’s stock worth $726,000 after acquiring an additional 2,200 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock worth $3,388,596 over the last 90 days. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on TWLO. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Wells Fargo & Company boosted their price target on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Sanford C. Bernstein upped their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.48.

Twilio Price Performance

Twilio stock opened at $70.47 on Monday. The business has a 50 day simple moving average of $64.27 and a 200 day simple moving average of $60.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The company has a market capitalization of $12.06 billion, a PE ratio of -17.57, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35.

Twilio (NYSE:TWLO) last issued 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that Twilio Inc. will post 0.54 EPS 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.