Van ECK Associates Corp Sells 277 Shares of Twilio Inc. (NYSE:TWLO)

Van ECK Associates Corp decreased its position in shares of Twilio Inc. (NYSE:TWLO) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,672 shares of the technology company’s stock after selling 277 shares during the quarter. Van ECK Associates Corp’s holdings in Twilio were worth $505,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the last quarter. Brooklyn Investment Group bought a new position in Twilio during the 3rd quarter worth approximately $46,000. Venturi Wealth Management LLC increased its stake 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 in the last quarter. Huntington National Bank increased its stake 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 in the last quarter. Finally, Planning Capital Management Corp acquired a new position in shares of Twilio during the 3rd quarter valued at $53,000. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the subject of several research analyst reports. Needham & Company LLC lifted their price target on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a report on Tuesday, January 21st. Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $130.91.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 23,406 shares of company stock worth $2,656,889 over the last three months. 4.50% of the stock is currently owned by insiders.

Twilio Stock Performance

Shares of Twilio stock opened at $114.16 on Friday. The business’s fifty day simple moving average is $122.09 and its 200 day simple moving average is $92.34. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The firm has a market capitalization of $17.51 billion, a P/E ratio of -178.37, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last released its earnings results 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, analysts anticipate that Twilio Inc. will post 1.44 EPS for the current 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.