Cedar Wealth Management LLC Has $360,000 Holdings in Twilio Inc. (NYSE:TWLO)

Cedar Wealth Management LLC trimmed its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 51.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,327 shares of the technology company's stock after selling 3,489 shares during the quarter. Cedar Wealth Management LLC's holdings in Twilio were worth $360,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TWLO. Ritholtz Wealth Management bought a new stake in Twilio during the fourth quarter worth approximately $344,000. Bleakley Financial Group LLC bought a new stake in Twilio during the fourth quarter worth approximately $230,000. Zacks Investment Management acquired a new position in Twilio in the third quarter worth approximately $3,386,000. Aigen Investment Management LP increased its holdings in shares of Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock valued at $1,248,000 after buying an additional 5,188 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Twilio by 41.8% during the 3rd quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company's stock worth $2,537,000 after acquiring an additional 11,472 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Down 2.3 %

NYSE TWLO traded down $2.40 during trading on Thursday, hitting $101.80. 1,073,077 shares of the company traded hands, compared to its average volume of 2,612,182. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The business has a fifty day simple moving average of $120.82 and a 200 day simple moving average of $100.09. The company has a market capitalization of $15.54 billion, a P/E ratio of -159.06, a PEG ratio of 4.30 and a beta of 1.47. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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Twilio (NYSE:TWLO - Get Free Report) last issued 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TWLO. StockNews.com lowered Twilio from a "buy" rating to a "hold" rating in a research report on Monday. Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $135.35.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction 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 transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction dated 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 owns 244,971 shares of the company's stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by insiders.

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.