Atlas Wealth LLC Purchases New Position in Twilio Inc. (NYSE:TWLO)

Atlas Wealth LLC purchased a new stake in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,000 shares of the technology company’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC increased its stake in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 266 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in Twilio during the 4th quarter worth approximately $44,000. Finally, Brooklyn Investment Group purchased a new stake in Twilio during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34 % 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, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on 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 owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock worth $2,441,324 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Twilio Trading Up 1.6 %

TWLO opened at $103.44 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business’s 50 day moving average price is $121.32 and its 200 day moving average price is $98.86. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The stock has a market capitalization of $15.79 billion, a PE ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last released its quarterly 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Tigress Financial boosted their price objective on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Piper Sandler reiterated an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Stifel Nicolaus boosted their price objective on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group upped their price target on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

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.