Selective Wealth Management Inc. cut its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,705 shares of the technology company's stock after selling 4,248 shares during the quarter. Twilio comprises 2.7% of Selective Wealth Management Inc.'s portfolio, making the stock its 10th largest position. Selective Wealth Management Inc.'s holdings in Twilio were worth $6,598,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC increased its stake in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Twilio during the third quarter worth about $46,000. Venturi Wealth Management LLC grew its holdings in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after buying an additional 493 shares in the last quarter. Huntington National Bank raised its position in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company's stock valued at $51,000 after buying an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp acquired a new position in Twilio during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 84.27% of the company's stock.
Twilio Price Performance
Shares of Twilio stock traded down $2.65 during trading on Friday, reaching $111.98. 2,790,458 shares of the company's stock were exchanged, compared to its average volume of 2,071,561. The firm's 50-day moving average price is $107.13 and its 200 day moving average price is $79.27. The company has a market cap of $17.18 billion, a P/E ratio of -43.57, a PEG ratio of 2.13 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $117.92.
Insiders Place Their Bets
In related news, CFO Aidan Viggiano sold 6,552 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the business's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts have recently issued reports on TWLO shares. Tigress Financial lifted their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of Twilio from $78.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 2nd. Morgan Stanley lifted their target price on Twilio from $115.00 to $118.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Northland Securities boosted their target price on shares of Twilio from $66.00 to $86.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $93.74.
Check Out Our Latest Stock Report on TWLO
Twilio Company Profile
(
Free Report)
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.
Read More
Before you consider Twilio, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Twilio wasn't on the list.
While Twilio currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.