Allspring Global Investments Holdings LLC Lowers Stock Position in Twilio Inc. (NYSE:TWLO)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 370,230 shares of the technology company's stock after selling 29,432 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.24% of Twilio worth $40,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ritholtz Wealth Management bought a new position in shares of Twilio in the fourth quarter worth $344,000. KBC Group NV increased its holdings in shares of Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company's stock worth $1,481,000 after purchasing an additional 9,140 shares during the period. Bleakley Financial Group LLC bought a new position in shares of Twilio in the fourth quarter worth $230,000. Zacks Investment Management bought a new position in shares of Twilio in the third quarter worth $3,386,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock worth $953,000 after purchasing an additional 9,141 shares during the period. Institutional investors own 84.27% of the company's stock.

Analysts Set New Price Targets

TWLO has been the topic of several research analyst reports. Mizuho upped their price target on shares of Twilio from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Tigress Financial upped their target price on shares of Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Twilio from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. Piper Sandler restated an "overweight" rating and set a $142.00 price target (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Barclays upped their price target on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $130.91.

Twilio Price Performance

Shares of Twilio stock traded down $3.32 during trading hours on Tuesday, reaching $121.85. The company's stock had a trading volume of 3,573,373 shares, compared to its average volume of 3,862,716. The firm has a 50 day moving average price of $121.50 and a 200-day moving average price of $91.13. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market cap of $18.69 billion, a P/E ratio of -47.42, a P/E/G ratio of 3.60 and a beta of 1.43.

Twilio (NYSE:TWLO - Get Free Report) last posted its 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 0.85% and a negative net margin of 10.65%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts predict that Twilio Inc. will post 0.88 EPS for the current year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business's stock in a transaction dated 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 directly owns 153,910 shares of the company's stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,015 shares of company stock valued at $2,483,695. Company insiders own 4.50% of the company's stock.

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.