HighTower Advisors LLC Cuts Position in Twilio Inc. (NYSE:TWLO)

HighTower Advisors LLC trimmed its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,900 shares of the technology company's stock after selling 9,930 shares during the period. HighTower Advisors LLC's holdings in Twilio were worth $4,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWLO. Natural Investments LLC acquired a new stake in Twilio during the 4th quarter worth $245,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Twilio by 170.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 167,176 shares of the technology company's stock valued at $18,068,000 after buying an additional 105,257 shares during the last quarter. Amundi grew its holdings in shares of Twilio by 53.4% during the fourth quarter. Amundi now owns 517,052 shares of the technology company's stock worth $57,424,000 after buying an additional 179,899 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Twilio during the fourth quarter worth about $655,000. Finally, Callan Family Office LLC purchased a new stake in Twilio during the 4th quarter valued at approximately $206,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TWLO shares. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and lifted their target price for the company from $77.00 to $185.00 in a report on Monday, January 27th. Scotiabank increased their price target on shares of Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. Oppenheimer lifted their price objective on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, Monness Crespi & Hardt increased their target price on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $135.35.

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Twilio Price Performance

Twilio stock traded up $2.95 during midday trading on Monday, reaching $106.40. 1,727,803 shares of the company were exchanged, compared to its average volume of 2,623,525. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of -166.25, a P/E/G 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 firm's 50-day simple moving average is $121.32 and its 200-day simple moving average is $99.40. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,277 shares of company stock worth $2,441,324. Insiders own 4.50% of the company's stock.

Twilio Company 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.