Twilio Inc. (NYSE:TWLO) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,243 shares of the technology company's stock after selling 26,767 shares during the period. Franklin Resources Inc. owned about 0.11% of Twilio worth $18,940,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TWLO. JFS Wealth Advisors LLC increased its holdings in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in Twilio during the fourth quarter worth $44,000. Private Trust Co. NA raised its holdings in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after acquiring an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Twilio in the fourth quarter valued at $75,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Analysts Set New Price Targets

TWLO has been the subject of a number of recent research reports. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. Stifel Nicolaus boosted their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Morgan Stanley upgraded shares of Twilio from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. Barclays lifted their target price on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, Oppenheimer increased their price target on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. One research 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Twilio Stock Up 1.3 %

Shares of TWLO stock traded up $1.08 during trading hours on Friday, reaching $86.81. The company had a trading volume of 1,930,857 shares, compared to its average volume of 2,644,395. The company has a market capitalization of $13.25 billion, a P/E ratio of -135.64, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. 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 Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock's fifty day simple moving average is $109.84 and its 200 day simple moving average is $102.74.

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

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock valued at $2,344,149 in the last ninety days. Insiders own 4.50% of the company's stock.

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.