Miracle Mile Advisors LLC Decreases Stake in Twilio Inc. (NYSE:TWLO)

Miracle Mile Advisors LLC lessened its position in shares of Twilio Inc. (NYSE:TWLO) by 9.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,932 shares of the technology company’s stock after selling 984 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Twilio were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SteelPeak Wealth LLC increased its position in Twilio by 75.5% during the first quarter. SteelPeak Wealth LLC now owns 7,808 shares of the technology company’s stock valued at $477,000 after acquiring an additional 3,360 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its position in Twilio by 9.1% during the first quarter. Blue Zone Wealth Advisors LLC now owns 5,160 shares of the technology company’s stock valued at $316,000 after acquiring an additional 432 shares during the last quarter. 180 Wealth Advisors LLC increased its position in Twilio by 29.4% during the first quarter. 180 Wealth Advisors LLC now owns 53,633 shares of the technology company’s stock valued at $3,280,000 after acquiring an additional 12,201 shares during the last quarter. TrueMark Investments LLC increased its position in Twilio by 13.5% during the first quarter. TrueMark Investments LLC now owns 17,400 shares of the technology company’s stock valued at $1,064,000 after acquiring an additional 2,067 shares during the last quarter. Finally, Austin Private Wealth LLC increased its position in Twilio by 43.7% during the first quarter. Austin Private Wealth LLC now owns 4,227 shares of the technology company’s stock valued at $258,000 after acquiring an additional 1,285 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of Twilio stock opened at $56.75 on Tuesday. The stock has a 50 day moving average of $58.49 and a 200 day moving average of $63.60. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, equities analysts expect that Twilio Inc. will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 796 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $49,105.24. Following the sale, the insider now directly owns 164,374 shares in the company, valued at $10,140,232.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 24,657 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the sale, the chief executive officer now directly owns 311,325 shares in the company, valued at $17,745,525. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dana Wagner sold 796 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the sale, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The disclosure for this sale can be found here. Insiders have sold a total of 30,625 shares of company stock worth $1,770,359 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, April 17th. Needham & Company LLC restated a “buy” rating and issued a $71.00 price target on shares of Twilio in a research report on Monday, May 20th. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Macquarie reduced their price target on Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group upped their price target on Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.48.

Twilio Company 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.