Freestone Capital Holdings LLC Has $423,000 Stock Position in Twilio Inc. (NYSE:TWLO)

Freestone Capital Holdings LLC increased its position in shares of Twilio Inc. (NYSE:TWLO) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,918 shares of the technology company’s stock after acquiring an additional 124 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Twilio were worth $423,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System boosted its position in Twilio by 44.3% during the 3rd quarter. New York State Teachers Retirement System now owns 16,017 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 4,916 shares during the period. US Bancorp DE lifted its position in shares of Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after purchasing an additional 217 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Twilio by 56.1% during the third quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company’s stock worth $1,987,000 after purchasing an additional 10,954 shares during the period. Van ECK Associates Corp grew its position in Twilio by 6.0% during the third quarter. Van ECK Associates Corp now owns 4,949 shares of the technology company’s stock valued at $349,000 after purchasing an additional 282 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Twilio in the 3rd quarter valued at approximately $294,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 target price on shares of Twilio in a research note on Tuesday, January 21st. Oppenheimer lifted their price objective on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and raised their price target for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. Finally, Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $115.00 to $160.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Trading Down 2.5 %

Twilio stock opened at $106.08 on Friday. The business has a 50 day moving average price of $123.26 and a two-hundred day moving average price of $96.15. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of -165.75, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last issued its earnings results 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 analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,277 shares of company stock worth $2,441,324. Corporate insiders own 4.50% of the company’s stock.

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.