Private Advisor Group LLC Sells 28,957 Shares of Twilio Inc. (NYSE:TWLO)

Private Advisor Group LLC cut its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 86.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,651 shares of the technology company's stock after selling 28,957 shares during the period. Private Advisor Group LLC's holdings in Twilio were worth $503,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TWLO. Wealth Enhancement Advisory Services LLC grew its stake in shares of Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock valued at $953,000 after acquiring an additional 9,141 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Twilio by 44.3% during the third quarter. New York State Teachers Retirement System now owns 16,017 shares of the technology company's stock worth $1,045,000 after buying an additional 4,916 shares in the last quarter. Financial Advocates Investment Management bought a new position in Twilio in the 3rd quarter valued at approximately $232,000. US Bancorp DE lifted its holdings in shares of Twilio by 4.7% during the third quarter. US Bancorp DE now owns 4,787 shares of the technology company's stock worth $312,000 after purchasing an additional 217 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Twilio by 56.1% in the third quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company's stock valued at $1,987,000 after buying an additional 10,954 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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Twilio Stock Down 1.8 %

NYSE:TWLO traded down $1.93 during mid-day trading on Friday, hitting $106.88. 3,138,232 shares of the company's stock were exchanged, compared to its average volume of 3,713,406. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $16.39 billion, a PE ratio of -167.00, a P/E/G ratio of 4.30 and a beta of 1.47. The business has a fifty day moving average price of $123.32 and a 200 day moving average price of $95.84.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results 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). The firm 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%. Equities analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock valued at $2,441,324 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TWLO shares. UBS Group lifted their target price on shares of Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Tigress Financial raised their target price on Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Oppenheimer upped their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 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. Finally, Robert W. Baird raised Twilio from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $115.00 to $160.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus 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.