Newbridge Financial Services Group Inc. Lowers Stake in Twilio Inc. (NYSE:TWLO)

Newbridge Financial Services Group Inc. lessened its position in shares of Twilio Inc. (NYSE:TWLO) by 88.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 365 shares of the technology company’s stock after selling 2,756 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Twilio were worth $39,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after acquiring an additional 77,436 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after purchasing an additional 4,061 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Northland Securities boosted their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Oppenheimer boosted their price objective on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.25.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’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 value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,015 shares of company stock valued at $2,483,695. Insiders own 4.50% of the company’s stock.

Twilio Trading Down 1.0 %

Shares of NYSE TWLO opened at $143.04 on Wednesday. The stock has a market capitalization of $21.94 billion, a P/E ratio of -55.66, a PEG ratio of 3.60 and a beta of 1.43. The stock’s 50 day moving average price is $118.81 and its two-hundred day moving average price is $88.36. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

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.