Prospera Financial Services Inc Has $401,000 Holdings in Twilio Inc. (NYSE:TWLO)

Prospera Financial Services Inc decreased its stake in shares of Twilio Inc. (NYSE:TWLO) by 2.1% during the third quarter, HoldingsChannel.com reports. The fund owned 6,148 shares of the technology company’s stock after selling 133 shares during the period. Prospera Financial Services Inc’s holdings in Twilio were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Sei Investments Co. grew its holdings in Twilio by 2.2% during the first quarter. Sei Investments Co. now owns 17,842 shares of the technology company’s stock valued at $1,091,000 after purchasing an additional 378 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Twilio during the 1st quarter worth $203,000. UniSuper Management Pty Ltd grew its stake in Twilio by 108.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,500 shares of the technology company’s stock valued at $153,000 after buying an additional 1,300 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Twilio by 3.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 123,103 shares of the technology company’s stock worth $7,529,000 after acquiring an additional 3,780 shares during the period. Finally, SVB Wealth LLC lifted its position in Twilio by 27.6% during the 1st quarter. SVB Wealth LLC now owns 9,610 shares of the technology company’s stock worth $588,000 after acquiring an additional 2,078 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $104.35 on Monday. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of -40.60, a price-to-earnings-growth ratio of 3.02 and a beta of 1.32. The business’s fifty day moving average price is $76.32 and its two-hundred day moving average price is $64.85. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $104.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the business’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 value of $360,960.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,682 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total value of $437,938.28. Following the sale, the chief financial officer now directly owns 171,187 shares of the company’s stock, valued at $11,219,595.98. This represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TWLO shares. Needham & Company LLC raised their price target on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Wells Fargo & Company upgraded Twilio from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $120.00 in a report on Tuesday, November 12th. Mizuho boosted their target price on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Piper Sandler upped their target price on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus target price of $83.70.

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.