Twilio Inc. (NYSE:TWLO) Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC lowered its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,301 shares of the technology company's stock after selling 9,520 shares during the period. GM Advisory Group LLC's holdings in Twilio were worth $2,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Twilio by 41.8% during the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company's stock worth $2,537,000 after buying an additional 11,472 shares during the period. KBC Group NV raised its position in shares of Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company's stock worth $1,481,000 after acquiring an additional 9,140 shares in the last quarter. Huntington National Bank lifted its stake in shares of Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company's stock worth $51,000 after purchasing an additional 532 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company's stock worth $478,000 after purchasing an additional 182 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Twilio by 5.3% during the third quarter. CIBC Asset Management Inc now owns 6,421 shares of the technology company's stock valued at $419,000 after purchasing an additional 325 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have commented on TWLO. Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $144.00 to $160.00 in a research report on Monday, February 24th. Jefferies Financial Group increased their target price on shares of Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $115.00 to $160.00 in a report on Friday, January 24th. William Blair reaffirmed an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Finally, Baird R W raised Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $135.35.

Twilio Stock Performance

Shares of TWLO traded up $1.65 during mid-day trading on Friday, reaching $103.44. The company had a trading volume of 2,330,031 shares, compared to its average volume of 2,627,123. The stock has a market capitalization of $15.79 billion, a P/E ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock has a 50 day moving average of $121.32 and a two-hundred day moving average of $99.13. 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 (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the 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 in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares of the company's stock, valued at $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. Over the last quarter, insiders sold 21,277 shares of company stock valued at $2,441,324. Corporate 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.