Vontobel Holding Ltd. Cuts Stock Position in Twilio Inc. (NYSE:TWLO)

Vontobel Holding Ltd. lessened its holdings in Twilio Inc. (NYSE:TWLO) by 43.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,614 shares of the technology company’s stock after selling 10,598 shares during the period. Vontobel Holding Ltd.’s holdings in Twilio were worth $1,471,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. True Wealth Design LLC lifted its holdings in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Twilio in the 3rd quarter valued at about $46,000. Venturi Wealth Management LLC lifted its holdings in shares of Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after acquiring an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp bought a new position in shares of Twilio in the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock valued at $2,483,695 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Twilio Trading Down 14.9 %

NYSE TWLO opened at $125.41 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market cap of $19.23 billion, a PE ratio of -48.80, a P/E/G ratio of 3.60 and a beta of 1.43. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The firm’s fifty day moving average is $121.20 and its two-hundred day moving average is $90.64.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. Analysts expect that Twilio Inc. will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TWLO. Needham & Company LLC raised their price objective on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. Mizuho lifted their price target on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. TD Cowen lifted their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, JMP Securities reissued a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $130.91.

About Twilio

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.