6,651 Shares in Twilio Inc. (NYSE:TWLO) Bought by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 6,651 shares of the technology company’s stock, valued at approximately $434,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SouthState Corp grew its holdings in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Twilio in the 2nd quarter worth about $29,000. GAMMA Investing LLC increased its stake in shares of Twilio by 70.6% in the 2nd 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. Lynx Investment Advisory purchased a new position in Twilio during the 2nd quarter valued at about $45,000. Finally, HHM Wealth Advisors LLC boosted its stake in Twilio by 43.3% during the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Khozema Shipchandler sold 11,044 shares of Twilio stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the sale, the chief executive officer now owns 267,090 shares of the company’s stock, valued at approximately $17,678,687.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is currently owned by insiders.

Twilio Stock Performance

NYSE:TWLO opened at $84.82 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. Twilio Inc. has a 12-month low of $51.90 and a 12-month high of $85.59. The stock has a 50-day moving average price of $65.80 and a 200 day moving average price of $61.12.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.23) earnings per share. On average, sell-side analysts expect that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TWLO shares. Wells Fargo & Company upped their price target on Twilio from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays increased their target price on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. UBS Group increased their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group raised their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Twilio has a consensus rating of “Hold” and a consensus target price of $79.55.

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.