Affinity Investment Advisors LLC Invests $434,000 in Twilio Inc. (NYSE:TWLO)

Affinity Investment Advisors LLC bought a new stake in Twilio Inc. (NYSE:TWLO) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 6,651 shares of the technology company’s stock, valued at approximately $434,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SouthState Corp increased its position in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Twilio in the second quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares during the last quarter. Lynx Investment Advisory bought a new stake in Twilio during the second quarter worth $45,000. Finally, HHM Wealth Advisors LLC lifted its stake in Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after acquiring an additional 260 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Trading Up 5.2 %

Shares of TWLO opened at $84.82 on Friday. 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 52-week low of $51.90 and a 52-week high of $85.59. The stock’s 50-day simple moving average is $65.80 and its 200 day simple moving average is $61.12.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $1.08 billion for 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 company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.23) EPS. Research analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday. Oppenheimer lifted their target price on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Twilio from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Twilio currently has an average rating of “Hold” and a consensus price target of $79.55.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the sale, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated 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 directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 11,044 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total value 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 $17,678,687.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock valued at $3,388,596 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

About Twilio

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.