Twilio Inc. (NYSE:TWLO) Stock Holdings Decreased by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in Twilio Inc. (NYSE:TWLO) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,608 shares of the technology company’s stock after selling 4,497 shares during the period. Private Advisor Group LLC’s holdings in Twilio were worth $2,192,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. SouthState Corp grew its position in Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Twilio during the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its position in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. Lynx Investment Advisory purchased a new position in Twilio during the second quarter valued at approximately $45,000. Finally, HHM Wealth Advisors LLC grew its position in Twilio by 43.3% during the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after purchasing an additional 260 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Price Performance

NYSE:TWLO opened at $71.26 on Wednesday. The stock has a market cap of $12.20 billion, a P/E ratio of -17.77, a PEG ratio of 4.01 and a beta of 1.35. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The company has a fifty day moving average price of $64.65 and a 200 day moving average price of $60.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned ($0.23) EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current year.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 1,989 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the sale, the insider now directly owns 157,328 shares in the company, valued at approximately $9,548,236.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TWLO shares. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Sanford C. Bernstein boosted their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Barclays decreased their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.48.

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.