Twilio Inc. (NYSE:TWLO) Shares Sold by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC cut its holdings in shares of Twilio Inc. (NYSE:TWLO) by 80.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,800 shares of the technology company’s stock after selling 16,000 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Twilio were worth $288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TWLO. Vanguard Group Inc. increased its position in shares of Twilio by 2.6% in the 3rd 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. Norges Bank purchased a new stake in Twilio during the 4th quarter worth about $179,739,000. Dimensional Fund Advisors LP boosted its position in shares of Twilio by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock worth $105,131,000 after acquiring an additional 217,796 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Twilio by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock worth $95,261,000 after acquiring an additional 43,124 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Twilio by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,254,309 shares of the technology company’s stock worth $73,415,000 after acquiring an additional 38,776 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares in the company, valued at $20,874,561.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Khozema Shipchandler sold 10,961 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 956 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $58,975.64. Following the sale, the chief financial officer now owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The disclosure for this sale can be found here. Insiders have sold a total of 27,692 shares of company stock valued at $1,714,597 over the last quarter. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of several recent analyst reports. Canaccord Genuity Group reduced their price objective on shares of Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Robert W. Baird cut their target price on Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 target price on shares of Twilio in a research report on Wednesday, March 6th. HSBC lowered Twilio from a “hold” rating to a “reduce” rating and cut their price target for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company lowered their target price on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.95.

Twilio Price Performance

NYSE:TWLO traded up $0.53 during trading hours on Friday, reaching $59.46. 433,955 shares of the company traded hands, compared to its average volume of 3,120,860. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The firm’s 50-day moving average is $60.77 and its 200-day moving average is $64.95. The stock has a market cap of $10.18 billion, a P/E ratio of -14.70, a P/E/G ratio of 10.15 and a beta of 1.33. Twilio Inc. has a 1-year low of $49.86 and a 1-year high of $78.16.

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.