Private Advisor Group LLC Has $503,000 Holdings in Twilio Inc. (NYSE:TWLO)

Private Advisor Group LLC reduced its stake in shares of Twilio Inc. (NYSE:TWLO) by 86.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,651 shares of the technology company’s stock after selling 28,957 shares during the quarter. Private Advisor Group LLC’s holdings in Twilio were worth $503,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TWLO. Wealth Enhancement Advisory Services LLC raised its stake in shares of Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after buying an additional 9,141 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Twilio by 44.3% in the 3rd quarter. New York State Teachers Retirement System now owns 16,017 shares of the technology company’s stock valued at $1,045,000 after buying an additional 4,916 shares in the last quarter. Financial Advocates Investment Management acquired a new position in shares of Twilio in the 3rd quarter valued at $232,000. US Bancorp DE raised its stake in shares of Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after buying an additional 217 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Twilio by 56.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company’s stock valued at $1,987,000 after buying an additional 10,954 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,906 shares of company stock worth $2,950,514 in the last quarter. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a research note on Friday, February 14th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Scotiabank upped their target price on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Jefferies Financial Group increased their target price on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Twilio currently has a consensus rating of “Moderate Buy” and an average target price of $134.26.

Twilio Trading Down 3.0 %

TWLO opened at $116.39 on Tuesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $17.85 billion, a PE ratio of -181.86, a PEG ratio of 4.30 and a beta of 1.43. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The firm has a 50-day moving average price of $123.20 and a two-hundred day moving average price of $95.22.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Twilio 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.