Twilio Inc. (NYSE:TWLO) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its stake in Twilio Inc. (NYSE:TWLO) by 79.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 375 shares of the technology company’s stock after purchasing an additional 166 shares during the period. Parkside Financial Bank & Trust’s holdings in Twilio were worth $41,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TWLO. JFS Wealth Advisors LLC boosted its position in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 266 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Twilio during the fourth quarter valued at about $44,000. True Wealth Design LLC increased its position in shares of Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Twilio in the third quarter worth about $46,000. Finally, Venturi Wealth Management LLC boosted its holdings in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,906 shares of company stock worth $2,950,514 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler restated an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Stifel Nicolaus boosted their price objective on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. Scotiabank increased their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Finally, Morgan Stanley raised Twilio from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $144.00 to $160.00 in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Twilio Stock Performance

TWLO stock opened at $116.39 on Tuesday. The company has a 50-day simple moving average of $123.20 and a 200 day simple moving average of $95.22. The company has a market capitalization of $17.85 billion, a P/E ratio of -181.86, a PEG ratio of 4.30 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Sell-side analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Twilio Company 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.