Wealthfront Advisers LLC Has $483,000 Stake in Twilio Inc. (NYSE:TWLO)

Wealthfront Advisers LLC lessened its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,466 shares of the technology company's stock after selling 4,225 shares during the period. Wealthfront Advisers LLC's holdings in Twilio were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TWLO. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Twilio by 0.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company's stock valued at $24,507,000 after buying an additional 3,238 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Twilio by 41.8% in the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company's stock valued at $2,537,000 after buying an additional 11,472 shares in the last quarter. KBC Group NV raised its position in shares of Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company's stock valued at $1,481,000 after buying an additional 9,140 shares in the last quarter. Huntington National Bank raised its position in shares of Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company's stock valued at $51,000 after buying an additional 532 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company's stock valued at $478,000 after buying an additional 182 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

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Analyst Upgrades and Downgrades

TWLO has been the subject of a number of analyst reports. Needham & Company LLC lifted their price target on shares of Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Royal Bank of Canada restated an "underperform" rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday. Barclays boosted their price objective on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price objective on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and an average price target of $135.35.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock worth $2,441,324 over the last ninety days. Insiders own 4.50% of the company's stock.

Twilio Trading Down 1.2 %

TWLO stock traded down $1.26 during trading on Thursday, hitting $101.74. The company had a trading volume of 1,448,890 shares, compared to its average volume of 2,625,682. The business has a 50-day moving average of $121.60 and a 200-day moving average of $98.56. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The stock has a market cap of $15.53 billion, a PE ratio of -158.97, 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.

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

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.