Twilio Inc. (NYSE:TWLO) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its position in Twilio Inc. (NYSE:TWLOGet Rating) by 20.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,557 shares of the technology company’s stock after acquiring an additional 938 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Twilio were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Rathbones Group PLC increased its stake in shares of Twilio by 3.6% during the first quarter. Rathbones Group PLC now owns 3,053 shares of the technology company’s stock valued at $503,000 after acquiring an additional 105 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Twilio by 0.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 19,615 shares of the technology company’s stock valued at $1,748,000 after acquiring an additional 106 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Twilio by 18.7% during the first quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock valued at $114,000 after acquiring an additional 109 shares during the period. JJJ Advisors Inc. increased its stake in shares of Twilio by 113.7% during the first quarter. JJJ Advisors Inc. now owns 218 shares of the technology company’s stock valued at $36,000 after acquiring an additional 116 shares during the period. Finally, Citizens Financial Group Inc RI increased its stake in shares of Twilio by 2.1% during the first quarter. Citizens Financial Group Inc RI now owns 6,001 shares of the technology company’s stock valued at $989,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 79.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Argus lowered shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. The Goldman Sachs Group decreased their price target on shares of Twilio from $132.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. Cowen lowered shares of Twilio from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $100.00 to $65.00 in a research report on Friday, November 4th. Barclays decreased their price target on shares of Twilio from $90.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Sunday, November 6th. Finally, StockNews.com assumed coverage on shares of Twilio in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $104.04.

Insider Activity

In other news, insider Dana Wagner sold 1,869 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $55.47, for a total transaction of $103,673.43. Following the transaction, the insider now owns 76,552 shares in the company, valued at approximately $4,246,339.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 1,869 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $55.47, for a total transaction of $103,673.43. Following the transaction, the insider now owns 76,552 shares in the company, valued at approximately $4,246,339.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Khozema Shipchandler sold 3,289 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $55.21, for a total transaction of $181,585.69. Following the transaction, the chief operating officer now owns 76,563 shares in the company, valued at approximately $4,227,043.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,170 shares of company stock worth $579,649. 4.96% of the stock is owned by corporate insiders.

Twilio Trading Up 4.9 %

Shares of NYSE:TWLO opened at $48.36 on Thursday. The firm has a fifty day moving average of $66.04 and a two-hundred day moving average of $80.23. The firm has a market capitalization of $8.91 billion, a P/E ratio of -6.66 and a beta of 1.47. Twilio Inc. has a 12-month low of $41.00 and a 12-month high of $297.99. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 0.10.

Twilio (NYSE:TWLOGet Rating) last issued its earnings results on Thursday, November 3rd. The technology company reported ($1.33) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($1.33). The company had revenue of $983.03 million during the quarter, compared to analyst estimates of $969.17 million. Twilio had a negative net margin of 36.17% and a negative return on equity of 8.20%. On average, equities analysts expect that Twilio Inc. will post -3.95 EPS for the current fiscal year.

About Twilio

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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