Citizens Financial Group Inc RI Buys 1,071 Shares of Twilio Inc (NYSE:TWLO)

Citizens Financial Group Inc RI boosted its stake in shares of Twilio Inc (NYSE:TWLO) by 1,029.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,175 shares of the technology company’s stock after acquiring an additional 1,071 shares during the period. Citizens Financial Group Inc RI’s holdings in Twilio were worth $105,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Chartwell Investment Partners LLC increased its stake in Twilio by 3.7% during the 1st quarter. Chartwell Investment Partners LLC now owns 2,826 shares of the technology company’s stock worth $253,000 after acquiring an additional 100 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Twilio by 9.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,280 shares of the technology company’s stock valued at $126,000 after purchasing an additional 110 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Twilio by 2.4% in the 4th quarter. Sunbelt Securities Inc. now owns 6,306 shares of the technology company’s stock valued at $620,000 after purchasing an additional 145 shares during the last quarter. Optimum Investment Advisors increased its stake in shares of Twilio by 60.0% in the 1st quarter. Optimum Investment Advisors now owns 400 shares of the technology company’s stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV increased its stake in shares of Twilio by 1.9% in the 4th quarter. Mid Atlantic Financial Management Inc. ADV now owns 8,643 shares of the technology company’s stock valued at $849,000 after purchasing an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 86.59% of the company’s stock.

Shares of Twilio stock opened at $208.62 on Friday. Twilio Inc has a one year low of $68.06 and a one year high of $209.50. The business has a 50-day simple moving average of $126.44 and a 200 day simple moving average of $110.93. The company has a quick ratio of 7.50, a current ratio of 7.50 and a debt-to-equity ratio of 0.14.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. Twilio had a negative return on equity of 5.07% and a negative net margin of 28.85%. The business had revenue of $364.87 million during the quarter, compared to analyst estimates of $327.59 million. During the same period in the previous year, the company posted $0.05 EPS. The firm’s revenue was up 56.5% compared to the same quarter last year. Research analysts anticipate that Twilio Inc will post -1.6 EPS for the current year.

Several equities analysts have recently issued reports on TWLO shares. Rosenblatt Securities reiterated a “hold” rating and issued a $150.00 price target (up previously from $80.00) on shares of Twilio in a research note on Thursday, May 7th. Canaccord Genuity raised their price objective on Twilio from $140.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Needham & Company LLC raised their price objective on Twilio from $130.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 7th. William Blair reissued a “buy” rating on shares of Twilio in a report on Friday, March 27th. Finally, Royal Bank of Canada raised their price objective on Twilio from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company. Twilio has a consensus rating of “Buy” and a consensus target price of $155.90.

In other Twilio news, insider Chee Chew sold 2,010 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $190.68, for a total transaction of $383,266.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeff Lawson sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $73.79, for a total value of $1,844,750.00. The disclosure for this sale can be found here. Insiders sold a total of 179,725 shares of company stock valued at $28,093,134 over the last ninety days. 10.85% of the stock is currently owned by corporate insiders.

About Twilio

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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