Avantax Advisory Services Inc. Has $1.56 Million Stake in Twilio Inc. (NYSE:TWLO)

Avantax Advisory Services Inc. increased its holdings in Twilio Inc. (NYSE:TWLO) by 58.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,429 shares of the technology company’s stock after buying an additional 5,302 shares during the period. Avantax Advisory Services Inc.’s holdings in Twilio were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TWLO. True Wealth Design LLC raised its position in Twilio by 5,200.0% during the third 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 raised its position in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Twilio during the fourth quarter valued at approximately $44,000. Finally, Brooklyn Investment Group acquired a new position in Twilio during the third quarter valued at approximately $46,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

Shares of TWLO opened at $99.12 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $15.13 billion, a P/E ratio of -154.88, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm’s fifty day simple moving average is $121.75 and its two-hundred day simple moving average is $98.53. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts predict 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 transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TWLO. Royal Bank of Canada restated an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research report on Tuesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Jefferies Financial Group boosted their target price on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.26.

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.