EverSource Wealth Advisors LLC Grows Stock Position in Twilio Inc. (NYSE:TWLO)

EverSource Wealth Advisors LLC lifted its stake in shares of Twilio Inc. (NYSE:TWLO) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,720 shares of the technology company’s stock after purchasing an additional 209 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Twilio were worth $186,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Twilio during the fourth quarter worth approximately $204,000. Natural Investments LLC purchased a new stake in shares of Twilio during the fourth quarter worth approximately $245,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Twilio by 170.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 167,176 shares of the technology company’s stock worth $18,068,000 after purchasing an additional 105,257 shares during the last quarter. Amundi raised its stake in shares of Twilio by 53.4% during the fourth quarter. Amundi now owns 517,052 shares of the technology company’s stock worth $57,424,000 after purchasing an additional 179,899 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Twilio during the fourth quarter worth approximately $655,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group upped their price objective on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Jefferies Financial Group upped their price objective on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Stock Performance

NYSE TWLO opened at $98.90 on Monday. The business’s 50-day moving average price is $122.22 and its 200 day moving average price is $98.00. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a market capitalization of $15.10 billion, a PE ratio of -154.53, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. 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 (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. On average, research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by company 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.