3,213 Shares in Twilio Inc. (NYSE:TWLO) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,213 shares of the technology company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synovus Financial Corp boosted its stake in Twilio by 6.9% during the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after purchasing an additional 306 shares during the period. Pearl River Capital LLC boosted its position in shares of Twilio by 363.2% in the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock valued at $1,793,000 after acquiring an additional 24,026 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Twilio by 10.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after acquiring an additional 113,042 shares during the last quarter. Hodges Capital Management Inc. bought a new position in Twilio during the third quarter worth $4,738,000. Finally, New York Life Investment Management LLC raised its stake in Twilio by 70.9% during the 3rd quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock valued at $1,295,000 after purchasing an additional 9,180 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TWLO shares. Northland Securities downgraded shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a report on Thursday, February 15th. Robert W. Baird lowered their price target on Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Oppenheimer reiterated an “outperform” rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, April 17th. Macquarie decreased their price objective on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, HSBC lowered Twilio from a “hold” rating to a “reduce” rating and cut their target price for the company from $62.00 to $61.00 in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.95.

Twilio Price Performance

TWLO stock opened at $60.20 on Thursday. The business has a fifty day moving average price of $60.81 and a 200 day moving average price of $64.99. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16.

Insider Activity

In related news, insider Dana Wagner sold 4,130 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.14, for a total transaction of $256,638.20. Following the transaction, the insider now owns 167,614 shares in the company, valued at approximately $10,415,533.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Khozema Shipchandler sold 10,961 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dana Wagner sold 4,130 shares of Twilio stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.14, for a total value of $256,638.20. Following the completion of the sale, the insider now owns 167,614 shares of the company’s stock, valued at $10,415,533.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,692 shares of company stock worth $1,714,597. 4.50% of the stock is owned by corporate insiders.

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.