Tidal Investments LLC Boosts Stock Holdings in Twilio Inc. (NYSE:TWLO)

Tidal Investments LLC increased its position in shares of Twilio Inc. (NYSE:TWLO) by 85.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,730 shares of the technology company’s stock after purchasing an additional 15,064 shares during the period. Tidal Investments LLC’s holdings in Twilio were worth $3,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its stake in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Twilio in the fourth quarter valued at $44,000. Private Trust Co. NA grew its holdings in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Twilio during the fourth quarter worth about $75,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Trading Down 2.5%

NYSE TWLO opened at $114.66 on Thursday. The stock has a market capitalization of $17.50 billion, a P/E ratio of -179.16, a P/E/G ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The firm has a 50-day moving average price of $97.82 and a 200 day moving average price of $108.28. 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 (NYSE:TWLO) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.22. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. Equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,924 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $112.75, for a total value of $216,931.00. Following the completion of the transaction, the chief financial officer now directly owns 165,982 shares of the company’s stock, valued at approximately $18,714,470.50. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the transaction, the chief executive officer now directly owns 280,589 shares of the company’s stock, valued at approximately $25,704,758.29. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,284 shares of company stock valued at $4,520,567. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the topic of several research reports. Jefferies Financial Group dropped their price objective on Twilio from $145.00 to $108.00 and set a “hold” rating on the stock in a report on Monday, April 28th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Tigress Financial reaffirmed a “buy” rating and set a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Monness Crespi & Hardt raised their price objective on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Mizuho dropped their price objective on Twilio from $165.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $124.41.

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.