Meridian Wealth Management LLC Sells 9,098 Shares of Twilio Inc. (NYSE:TWLO)

Meridian Wealth Management LLC lessened its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 62.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,487 shares of the technology company's stock after selling 9,098 shares during the quarter. Meridian Wealth Management LLC's holdings in Twilio were worth $593,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TWLO. Robeco Institutional Asset Management B.V. raised its stake in shares of Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company's stock valued at $57,044,000 after buying an additional 630,627 shares during the period. Pacer Advisors Inc. grew its position in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after buying an additional 444,295 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Twilio by 1,267.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock worth $49,115,000 after purchasing an additional 421,199 shares in the last quarter. KBC Group NV boosted its holdings in shares of Twilio by 1,138.4% in the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company's stock worth $30,389,000 after purchasing an additional 258,469 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock worth $14,341,000 after purchasing an additional 193,971 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

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Twilio Trading Down 2.5 %

Shares of NYSE TWLO traded down $2.73 during trading hours on Friday, reaching $106.08. The stock had a trading volume of 5,235,260 shares, compared to its average volume of 3,765,060. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of -165.75, a P/E/G ratio of 4.30 and a beta of 1.47. The business's fifty day moving average price is $123.26 and its two-hundred day moving average price is $96.15. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

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). The company had revenue of $1.19 billion for 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%. Analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the firm'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 transaction, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,277 shares of company stock worth $2,441,324. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TWLO shares. Needham & Company LLC upped their price target on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $144.00 to $160.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price target on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. William Blair reiterated an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and upped their target price for the stock from $77.00 to $185.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Twilio presently has an average rating of "Moderate Buy" and an average price target of $134.26.

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.