Cable Hill Partners LLC Makes New $230,000 Investment in Twilio Inc. (NYSE:TWLO)

Cable Hill Partners LLC acquired a new position in Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,124 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new stake in shares of Twilio in the 4th quarter worth about $344,000. KBC Group NV increased its position in shares of Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 9,140 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Twilio in the 4th quarter worth about $230,000. Zacks Investment Management bought a new stake in shares of Twilio in the 3rd quarter worth about $3,386,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,906 shares of company stock valued at $2,950,514. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the subject of several research analyst reports. Oppenheimer boosted their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research 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 research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a research report on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Finally, TD Cowen boosted their price objective on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.26.

Twilio Trading Down 1.7 %

Shares of NYSE:TWLO opened at $117.18 on Friday. The company has a 50 day moving average of $122.83 and a 200-day moving average of $93.94. The firm has a market cap of $17.97 billion, a P/E ratio of -183.09, a P/E/G ratio of 4.30 and a beta of 1.42. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. 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 issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.