HighTower Advisors LLC Sells 9,930 Shares of Twilio Inc. (NYSE:TWLO)

HighTower Advisors LLC decreased its stake in Twilio Inc. (NYSE:TWLO) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,900 shares of the technology company’s stock after selling 9,930 shares during the period. HighTower Advisors LLC’s holdings in Twilio were worth $4,204,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Twilio during the fourth quarter worth $44,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Twilio during the third quarter worth $46,000. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several recent research reports. Monness Crespi & Hardt increased their target price on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada restated an “underperform” rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Finally, JMP Securities reissued a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Twilio has an average rating of “Moderate Buy” and an average price target of $135.35.

Twilio Stock Down 1.2 %

Shares of NYSE TWLO opened at $101.74 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm’s 50 day simple moving average is $121.41 and its two-hundred day simple moving average is $98.58. The stock has a market capitalization of $15.53 billion, a P/E ratio of -158.97, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS 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 analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were 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 directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 in 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.