Xcel Wealth Management LLC Acquires New Shares in Twilio Inc. (NYSE:TWLO)

Xcel Wealth Management LLC acquired a new stake in Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,376 shares of the technology company’s stock, valued at approximately $257,000.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC grew its stake in 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 buying an additional 416 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new position in Twilio in the 4th quarter valued at $44,000. Finally, Brooklyn Investment Group bought a new position in Twilio in the 3rd quarter valued at $46,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,906 shares of company stock worth $2,950,514. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TWLO shares. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and raised their price target for the company from $77.00 to $185.00 in a report on Monday, January 27th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Stifel Nicolaus raised their price target on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Finally, Barclays raised their price target on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.26.

Twilio Price Performance

TWLO stock opened at $119.91 on Friday. The firm’s 50-day moving average price is $123.07 and its two-hundred day moving average price is $94.36. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of -187.36, a PEG ratio of 4.30 and a beta of 1.43. 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 quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. As a group, equities analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

About Twilio

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.