Optimum Investment Advisors Acquires 205 Shares of Twilio Inc. (NYSE:TWLO)

Optimum Investment Advisors raised its stake in shares of Twilio Inc. (NYSE:TWLO) by 33.9% during the 4th quarter, HoldingsChannel reports. The firm owned 810 shares of the technology company’s stock after purchasing an additional 205 shares during the quarter. Optimum Investment Advisors’ holdings in Twilio were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after purchasing an additional 77,436 shares during the last quarter. Geode Capital Management LLC grew its holdings in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after acquiring an additional 99,786 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Twilio by 0.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after acquiring an additional 4,061 shares during the last quarter. Finally, Goldentree Asset Management LP grew its stake in shares of Twilio by 13.5% in the third quarter. Goldentree Asset Management LP now owns 798,102 shares of the technology company’s stock worth $51,935,000 after acquiring an additional 94,645 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TWLO. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. William Blair restated an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. JMP Securities restated a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Twilio presently has an average rating of “Moderate Buy” and a consensus price target of $135.35.

Insider Activity

In other Twilio 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 sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by corporate insiders.

Twilio Stock Up 1.6 %

Shares of NYSE TWLO opened at $103.44 on Monday. The stock has a market cap of $15.79 billion, a PE ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. The business has a fifty day moving average of $121.32 and a two-hundred day moving average of $99.40. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO) last announced 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.