Centricity Wealth Management LLC Takes Position in Twilio Inc. (NYSE:TWLO)

Centricity Wealth Management LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 403 shares of the technology company’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TWLO. Creative Planning lifted its stake in Twilio by 15.4% during the 3rd quarter. Creative Planning now owns 32,451 shares of the technology company’s stock valued at $2,116,000 after acquiring an additional 4,322 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Twilio by 235.4% in the third quarter. Raymond James & Associates now owns 77,386 shares of the technology company’s stock valued at $5,047,000 after purchasing an additional 54,310 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Twilio by 9,679.5% during the third quarter. International Assets Investment Management LLC now owns 89,091 shares of the technology company’s stock valued at $5,811,000 after purchasing an additional 88,180 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Twilio during the third quarter worth about $2,183,000. Finally, Forsta AP Fonden boosted its holdings in Twilio by 4.3% during the third quarter. Forsta AP Fonden now owns 33,700 shares of the technology company’s stock worth $2,198,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was 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 directly owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,406 shares of company stock valued at $2,656,889. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Northland Securities lifted their price target on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Finally, Piper Sandler reissued an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.91.

Twilio Price Performance

Shares of NYSE TWLO opened at $114.16 on Friday. The company has a current ratio of 5.06, a quick 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. The stock has a fifty day moving average of $122.06 and a 200-day moving average of $91.96.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Sell-side analysts forecast that Twilio Inc. will post 1.44 EPS 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.