Twilio Inc. (NYSE:TWLO) Shares Sold by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 33.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,010 shares of the technology company’s stock after selling 517 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Twilio were worth $77,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synovus Financial Corp increased its position in Twilio by 6.9% during the third quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock worth $279,000 after purchasing an additional 306 shares during the last quarter. Pearl River Capital LLC boosted its stake in Twilio by 363.2% during the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock worth $1,793,000 after buying an additional 24,026 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Twilio by 10.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after buying an additional 113,042 shares during the period. Hodges Capital Management Inc. purchased a new position in Twilio during the third quarter worth about $4,738,000. Finally, New York Life Investment Management LLC boosted its stake in Twilio by 70.9% during the third quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock worth $1,295,000 after buying an additional 9,180 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction, the insider now directly owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 3,375 shares of Twilio stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the transaction, the chief financial officer now owns 231,036 shares in the company, valued at $14,044,678.44. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock valued at $1,910,447 in the last ninety days. 4.20% of the stock is currently owned by company insiders.

Twilio Stock Performance

Shares of Twilio stock opened at $60.96 on Thursday. The company has a 50 day moving average of $60.32 and a 200 day moving average of $64.14. Twilio Inc. has a 52-week low of $45.02 and a 52-week 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.

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

Analyst Ratings Changes

Several brokerages have weighed in on TWLO. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research note on Thursday, February 15th. UBS Group lowered their target price on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Robert W. Baird increased their target price on shares of Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Stifel Nicolaus lowered their price objective on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Finally, TD Cowen lowered their price objective on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Twilio presently has an average rating of “Hold” and a consensus target price of $68.90.

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.