CIBC Asset Management Inc Boosts Stake in Twilio Inc. (NYSE:TWLO)

CIBC Asset Management Inc raised its position in Twilio Inc. (NYSE:TWLO) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,050 shares of the technology company’s stock after purchasing an additional 629 shares during the period. CIBC Asset Management Inc’s holdings in Twilio were worth $762,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its holdings in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the last quarter. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Twilio in the third quarter valued at $46,000. Venturi Wealth Management LLC grew 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. Finally, Huntington National Bank grew its holdings in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after purchasing an additional 532 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TWLO. Mizuho upped their target price on Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Barclays increased their price objective on Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Needham & Company LLC increased their price objective on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. TD Cowen increased their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Monness Crespi & Hardt increased their price objective on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.91.

Twilio Stock Performance

Twilio stock opened at $114.16 on Friday. The stock’s 50-day moving average is $122.09 and its 200-day moving average is $92.34. The company has a market cap of $17.51 billion, a price-to-earnings ratio of -178.37, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings data 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 firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,406 shares of company stock worth $2,656,889 in the last three months. 4.50% of the stock is currently owned by company insiders.

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.