Empower Advisory Group LLC Has $2.75 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

Empower Advisory Group LLC lessened its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 97.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,399 shares of the technology company's stock after selling 1,037,668 shares during the quarter. Empower Advisory Group LLC's holdings in Twilio were worth $2,745,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ritholtz Wealth Management acquired a new position in shares of Twilio during the 4th quarter valued at $344,000. KBC Group NV lifted its holdings in shares of Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company's stock valued at $1,481,000 after acquiring an additional 9,140 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Twilio during the 4th quarter valued at $230,000. Zacks Investment Management acquired a new position in shares of Twilio during the 3rd quarter valued at $3,386,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock valued at $953,000 after acquiring an additional 9,141 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

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 shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business's 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 sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,406 shares of company stock valued at $2,656,889. Company insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of NYSE:TWLO traded down $3.84 during trading on Friday, reaching $114.16. The company had a trading volume of 3,304,604 shares, compared to its average volume of 3,993,473. The firm's fifty day moving average is $122.06 and its 200 day moving average is $91.96. The firm has a market capitalization of $17.51 billion, a PE ratio of -178.37, a price-to-earnings-growth ratio of 4.54 and a beta of 1.43. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO - Get Free Report) last issued 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). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, equities analysts forecast that Twilio Inc. will post 1.4 EPS for the current year.

Analyst Upgrades and Downgrades

TWLO has been the topic of several recent research reports. Northland Securities lifted their target price on shares of Twilio from $66.00 to $86.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their target price on shares of Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.91.

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.