Twilio Inc. (NYSE:TWLO) Stock Holdings Trimmed by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 88.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,268 shares of the technology company's stock after selling 17,178 shares during the period. Neuberger Berman Group LLC's holdings in Twilio were worth $245,000 at the end of the most recent quarter.

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

Twilio Price Performance

Shares of Twilio stock traded up $1.87 during trading on Tuesday, hitting $88.29. 1,519,413 shares of the company were exchanged, compared to its average volume of 2,638,569. 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 Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The firm has a 50 day moving average price of $107.45 and a 200 day moving average price of $103.06. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of -137.95, a P/E/G ratio of 4.30 and a beta of 1.50.

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

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at $16,936,243.20. This represents a 4.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 4.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TWLO shares. Stifel Nicolaus upped their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. Barclays boosted 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. Monness Crespi & Hardt lifted their price objective on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Baird R W raised Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $134.26.

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.