Vanguard Group Inc. Sells 879,351 Shares of Twilio Inc. (NYSE:TWLO)

Vanguard Group Inc. lowered its stake in Twilio Inc. (NYSE:TWLO) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,207,678 shares of the technology company’s stock after selling 879,351 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Twilio worth $1,643,646,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its position in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its position in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Twilio during the 4th quarter worth approximately $44,000. True Wealth Design LLC raised its position 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 worth $28,000 after acquiring an additional 416 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after purchasing an additional 360 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’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 completion of the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several recent research reports. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $77.00 to $185.00 in a report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research note on Friday, February 14th. Piper Sandler reissued an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group boosted their price target on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued 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 presently has an average rating of “Moderate Buy” and an average target price of $135.35.

Twilio Stock Down 2.3 %

Twilio stock opened at $101.80 on Friday. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The stock has a market cap of $15.54 billion, a PE ratio of -159.06, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. 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 stock has a fifty day moving average of $120.82 and a 200 day moving average of $100.09.

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

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.