Twilio Inc. (NYSE:TWLO) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its stake in shares of Twilio Inc. (NYSE:TWLO) by 79.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375 shares of the technology company’s stock after purchasing an additional 166 shares during the period. Parkside Financial Bank & Trust’s holdings in Twilio were worth $41,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its holdings in Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after buying an additional 94 shares during the period. GHP Investment Advisors Inc. increased its position in shares of Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after acquiring an additional 104 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares during the period. Covestor Ltd lifted its position in shares of Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Twilio by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, 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 position. The transaction 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 Twilio 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 in the company, valued at approximately $17,476,480.50. This trade 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 have sold 25,906 shares of company stock valued at $2,950,514. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TWLO. Oppenheimer increased their target price on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Needham & Company LLC increased their price objective on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and lifted their target price for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Finally, Barclays raised their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and an average target price of $134.26.

Twilio Stock Down 3.0 %

Shares of Twilio stock opened at $116.39 on Tuesday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The stock has a market capitalization of $17.85 billion, a P/E ratio of -181.86, a PEG ratio of 4.30 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $123.20 and a two-hundred day moving average price of $95.22.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (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 analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

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.