Twilio Inc. (NYSE:TWLO) Stock Holdings Trimmed by Parallel Advisors LLC

Parallel Advisors LLC cut its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,920 shares of the technology company's stock after selling 4,011 shares during the period. Parallel Advisors LLC's holdings in Twilio were worth $3,018,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock valued at $187,026,000 after buying an additional 444,295 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Twilio by 1,267.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock worth $49,115,000 after acquiring an additional 421,199 shares during the last quarter. KBC Group NV grew its holdings in Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company's stock valued at $30,389,000 after purchasing an additional 258,469 shares during the period. Raymond James Financial Inc. acquired a new position in Twilio during the fourth quarter worth approximately $25,778,000. Finally, Franklin Resources Inc. raised its stake in Twilio by 2,412.9% during the third 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 during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

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Twilio Stock Performance

Shares of TWLO traded up $1.65 during mid-day trading on Friday, hitting $103.44. The stock had a trading volume of 2,330,021 shares, compared to its average volume of 2,626,127. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $15.79 billion, a PE ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company's fifty day simple moving average is $121.41 and its two-hundred day simple moving average is $98.58.

Twilio (NYSE:TWLO - Get Free Report) last issued 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TWLO shares. Oppenheimer upped their price objective on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Wells Fargo & Company raised their price objective on Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. Robert W. Baird upgraded shares of Twilio from a "neutral" rating to an "outperform" rating and raised their price target for the company from $115.00 to $160.00 in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares of the company's stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. 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 on Monday, January 6th. The stock was 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 owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock worth $2,441,324 over the last ninety days. Company insiders own 4.50% of the company's stock.

About Twilio

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.