Vestmark Advisory Solutions Inc. Makes New Investment in Twilio Inc. (NYSE:TWLO)

Vestmark Advisory Solutions Inc. purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 128,990 shares of the technology company’s stock, valued at approximately $9,786,000. Vestmark Advisory Solutions Inc. owned 0.07% of Twilio at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blue Zone Wealth Advisors LLC grew its holdings in Twilio by 4.0% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock valued at $359,000 after buying an additional 181 shares during the last quarter. Brighton Jones LLC increased its position in Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock worth $775,000 after purchasing an additional 185 shares in the last quarter. Desjardins Global Asset Management Inc. raised its stake in Twilio by 15.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after purchasing an additional 192 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Twilio by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock valued at $4,229,000 after purchasing an additional 194 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Twilio by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,197 shares of the technology company’s stock valued at $363,000 after purchasing an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

TWLO stock traded up $0.37 during midday trading on Friday, reaching $61.89. The company had a trading volume of 2,243,789 shares, compared to its average volume of 2,052,078. The firm has a market capitalization of $11.20 billion, a PE ratio of -11.17 and a beta of 1.33. The stock has a 50 day moving average price of $60.50 and a 200 day moving average price of $64.15. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Analysts anticipate that Twilio Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated an “underperform” rating and set a $50.00 price target on shares of Twilio in a report on Wednesday, March 6th. Stifel Nicolaus cut their price target on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Oppenheimer restated an “outperform” rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Robert W. Baird raised their price target on Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $68.90.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 458 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the transaction, the insider now owns 171,744 shares in the company, valued at approximately $9,567,858.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Khozema Shipchandler sold 10,961 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the transaction, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock worth $1,910,447 in the last ninety days. 4.20% of the stock is owned by insiders.

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.