Newbridge Financial Services Group Inc. Lowers Stock Holdings in Twilio Inc. (NYSE:TWLO)

Newbridge Financial Services Group Inc. reduced its stake in Twilio Inc. (NYSE:TWLO) by 88.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 365 shares of the technology company’s stock after selling 2,756 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Twilio were worth $39,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in shares of Twilio in the 4th quarter valued at approximately $294,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Twilio in the 4th quarter valued at approximately $860,000. Kingsview Wealth Management LLC acquired a new stake in shares of Twilio in the 4th quarter valued at approximately $283,000. Apollon Wealth Management LLC acquired a new stake in shares of Twilio in the 4th quarter valued at approximately $290,000. Finally, Tandem Financial LLC acquired a new stake in shares of Twilio in the 4th quarter valued at approximately $119,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock valued at $2,483,695 over the last quarter. Company insiders own 4.50% of the company’s stock.

Twilio Stock Performance

NYSE TWLO opened at $143.04 on Wednesday. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of -55.66, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The business has a fifty day moving average of $118.81 and a 200-day moving average of $88.36.

Analysts Set New Price Targets

TWLO has been the subject of several recent analyst reports. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, January 24th. Scotiabank raised their price target on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.25.

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.