abrdn plc Sells 34,361 Shares of Twilio Inc. (NYSE:TWLO)

abrdn plc decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,710 shares of the technology company’s stock after selling 34,361 shares during the period. abrdn plc’s holdings in Twilio were worth $26,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in shares of Twilio during the 2nd quarter valued at $918,000. SG Americas Securities LLC purchased a new position in shares of Twilio during the 3rd quarter valued at $1,274,000. Azzad Asset Management Inc. ADV lifted its stake in shares of Twilio by 9.0% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 10,280 shares of the technology company’s stock valued at $670,000 after buying an additional 847 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Twilio during the 3rd quarter valued at $1,288,000. Finally, Miracle Mile Advisors LLC lifted its stake in shares of Twilio by 24.6% during the 3rd quarter. Miracle Mile Advisors LLC now owns 11,132 shares of the technology company’s stock valued at $726,000 after buying an additional 2,200 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of analyst reports. Monness Crespi & Hardt lifted their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Mizuho boosted their price target on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. UBS Group boosted their price target on shares of Twilio from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and an average target price of $119.25.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,015 shares of company stock valued at $2,483,695. Company insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of TWLO opened at $146.93 on Thursday. The company has a 50 day moving average price of $115.44 and a 200-day moving average price of $85.88. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a market capitalization of $22.54 billion, a PE ratio of -57.17, a PEG ratio of 3.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

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.