Capital Investment Advisory Services LLC Sells 180 Shares of Twilio Inc. (NYSE:TWLO)

Capital Investment Advisory Services LLC lessened its stake in shares of Twilio Inc. (NYSE:TWLO) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,076 shares of the technology company’s stock after selling 180 shares during the period. Capital Investment Advisory Services LLC’s holdings in Twilio were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. Blue Zone Wealth Advisors LLC increased its holdings in shares of Twilio by 4.0% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after purchasing an additional 181 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of Twilio by 15.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock worth $112,000 after purchasing an additional 192 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Twilio by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock worth $4,229,000 after purchasing an additional 194 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Twilio by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,197 shares of the technology company’s stock worth $363,000 after purchasing an additional 208 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Twilio by 4.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock worth $345,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. UBS Group dropped their price target on Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Robert W. Baird raised their price target on Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. TD Cowen dropped their price target on Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. Finally, Northland Securities downgraded Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.90.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 458 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 of the company’s stock, valued at $9,567,858.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Khozema Shipchandler sold 10,961 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the transaction, the chief executive officer now owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 458 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock valued at $1,910,447 over the last ninety days. 4.20% of the stock is owned by insiders.

Twilio Trading Up 2.9 %

Shares of TWLO stock opened at $60.33 on Wednesday. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $60.31 and its 200-day moving average price is $64.03. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of -10.89 and a beta of 1.35.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Equities research analysts predict that Twilio Inc. will post -0.11 EPS for the current fiscal year.

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.