J.W. Cole Advisors Inc. Cuts Position in Twilio Inc. (NYSE:TWLO)

J.W. Cole Advisors Inc. decreased its position in shares of Twilio Inc. (NYSE:TWLO) by 60.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,945 shares of the technology company’s stock after selling 4,550 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Twilio were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TWLO. National Bank of Canada FI grew its holdings in shares of Twilio by 30.5% during the third quarter. National Bank of Canada FI now owns 1,770 shares of the technology company’s stock valued at $102,000 after buying an additional 414 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Twilio by 331.4% during the third quarter. SG Americas Securities LLC now owns 26,596 shares of the technology company’s stock valued at $1,557,000 after buying an additional 20,431 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Twilio by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 985 shares of the technology company’s stock valued at $58,000 after buying an additional 306 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Twilio by 84.2% in the third quarter. Exchange Traded Concepts LLC now owns 21,334 shares of the technology company’s stock worth $1,249,000 after purchasing an additional 9,753 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in Twilio in the third quarter worth approximately $498,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of TWLO stock opened at $60.01 on Friday. Twilio Inc. has a one year low of $45.02 and a one year high of $78.16. The company’s fifty day moving average price is $60.06 and its 200-day moving average price is $63.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. As a group, equities research analysts anticipate that Twilio Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TWLO. UBS Group dropped their target price on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Robert W. Baird raised their target price on shares of Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Piper Sandler upgraded shares of Twilio from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $82.00 in a report on Friday, January 12th. Jefferies Financial Group dropped their target price on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Finally, StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $68.90.

Insider Activity

In other news, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the sale, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Twilio news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the sale, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock worth $1,910,447 in the last three months. Company insiders own 4.20% of the company’s stock.

Twilio 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.