Harbor Investment Advisory LLC Sells 475 Shares of Twilio Inc. (NYSE:TWLO)

Harbor Investment Advisory LLC lessened its stake in Twilio Inc. (NYSE:TWLO) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the technology company’s stock after selling 475 shares during the period. Harbor Investment Advisory LLC’s holdings in Twilio were worth $162,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TWLO. True Wealth Design LLC grew its position 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 acquiring an additional 416 shares during the period. Brooklyn Investment Group purchased a new position in shares of Twilio during the 3rd quarter valued at $46,000. Venturi Wealth Management LLC lifted its stake in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after buying an additional 493 shares in the last quarter. Huntington National Bank lifted its stake in shares of Twilio by 214.5% during 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 in the last quarter. Finally, Planning Capital Management Corp purchased a new position in shares of Twilio during the 3rd quarter valued at $53,000. Institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In other news, 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 completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TWLO. Barclays lifted their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target 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. Stifel Nicolaus boosted their price target on shares of Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Northland Securities boosted their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $93.74.

Twilio Price Performance

Shares of TWLO stock opened at $112.59 on Thursday. 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 company has a market capitalization of $17.27 billion, a P/E ratio of -43.81, a P/E/G ratio of 2.20 and a beta of 1.38. The company’s 50-day simple moving average is $107.84 and its two-hundred day simple moving average is $80.22. Twilio Inc. has a one year low of $52.51 and a one year high of $117.92.

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.