Twilio Inc. (NYSE:TWLO) Stock Position Cut by Intellectus Partners LLC

Intellectus Partners LLC trimmed its stake in shares of Twilio Inc. (NYSE:TWLO) by 26.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,614 shares of the technology company’s stock after selling 2,409 shares during the quarter. Intellectus Partners LLC’s holdings in Twilio were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Robertson Stephens Wealth Management LLC raised its position in Twilio by 102.2% in the third quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company’s stock worth $807,000 after acquiring an additional 650,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Twilio by 73.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock worth $70,965,000 after purchasing an additional 515,068 shares in the last quarter. Vanguard Group Inc. lifted its stake in Twilio by 2.6% during the third quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock valued at $1,028,245,000 after purchasing an additional 445,877 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in Twilio during the third quarter worth approximately $20,797,000. Finally, International Assets Investment Management LLC grew its position in Twilio by 6,662.4% in the fourth quarter. International Assets Investment Management LLC now owns 250,750 shares of the technology company’s stock worth $19,024,000 after buying an additional 247,042 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 3,375 shares of Twilio stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $60.79, for a total value of $205,166.25. Following the transaction, the chief financial officer now owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Aidan Viggiano sold 3,375 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the transaction, the chief financial officer now owns 231,036 shares of the company’s stock, valued at approximately $14,044,678.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the sale, the chief executive officer now owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research note on Wednesday, March 6th. Oppenheimer restated an “outperform” rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. TD Cowen decreased their target price on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, March 6th. Stifel Nicolaus cut their price target on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Finally, UBS Group lowered their price objective on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Twilio currently has an average rating of “Hold” and a consensus target price of $68.90.

Twilio Trading Up 1.5 %

NYSE:TWLO opened at $60.89 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The company has a market capitalization of $11.02 billion, a P/E ratio of -10.99 and a beta of 1.35. The stock’s 50 day moving average price is $60.11 and its 200 day moving average price is $64.09. Twilio Inc. has a 52 week low of $45.02 and a 52 week high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. On average, research analysts forecast that Twilio Inc. will post -0.11 EPS for the current fiscal year.

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.