Congress Wealth Management LLC DE Makes New $373,000 Investment in Twilio Inc. (NYSE:TWLO)

Congress Wealth Management LLC DE bought a new stake in Twilio Inc. (NYSE:TWLO) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,449 shares of the technology company’s stock, valued at approximately $373,000.

A number of other hedge funds have also made changes to their positions in the stock. Ritholtz Wealth Management acquired a new position in Twilio in the 4th quarter valued at approximately $344,000. Bleakley Financial Group LLC acquired a new position in shares of Twilio in the fourth quarter worth $230,000. Zacks Investment Management purchased a new stake in shares of Twilio during the third quarter worth $3,386,000. Aigen Investment Management LP boosted its position in Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock valued at $1,248,000 after purchasing an additional 5,188 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Twilio by 151.7% in the third quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company’s stock valued at $2,820,000 after purchasing an additional 26,062 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Down 2.9 %

Shares of TWLO opened at $98.86 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a 50-day simple moving average of $120.55 and a 200-day simple moving average of $100.67. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The firm has a market capitalization of $15.09 billion, a P/E ratio of -154.47, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % 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. Also, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock worth $2,441,324 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TWLO shares. UBS Group lifted their price target on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Royal Bank of Canada reissued an “underperform” rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. JMP Securities restated a “market outperform” rating and set a $165.00 price target on shares of Twilio in a report on Friday, February 14th. Scotiabank upped their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Finally, Oppenheimer increased their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

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.