Affinity Capital Advisors LLC Buys New Shares in Twilio Inc. (NYSE:TWLO)

Affinity Capital Advisors LLC bought a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,588 shares of the technology company’s stock, valued at approximately $284,000.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC lifted its stake in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Twilio during the 3rd quarter valued at $46,000. Venturi Wealth Management LLC increased its holdings in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank increased its holdings in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after acquiring an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp bought a new stake in Twilio in the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 0.7 %

NYSE:TWLO opened at $108.68 on Wednesday. The firm has a market capitalization of $16.67 billion, a P/E ratio of -42.29, a PEG ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $116.43. The company’s fifty day moving average price is $105.85 and its 200-day moving average price is $78.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TWLO. Jefferies Financial Group boosted their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. 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. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Oppenheimer upped their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and an average target price of $93.61.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

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.