Trek Financial LLC Sells 1,740 Shares of Twilio Inc. (NYSE:TWLO)

Trek Financial LLC trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,450 shares of the technology company’s stock after selling 1,740 shares during the quarter. Trek Financial LLC’s holdings in Twilio were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TWLO. Federated Hermes Inc. boosted its position in shares of Twilio by 11.4% during the fourth quarter. Federated Hermes Inc. now owns 66,738 shares of the technology company’s stock valued at $7,213,000 after purchasing an additional 6,843 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Twilio during the fourth quarter valued at $1,986,000. Oribel Capital Management LP bought a new stake in shares of Twilio during the 4th quarter valued at $40,595,000. Thames Capital Management LLC purchased a new stake in shares of Twilio in the 4th quarter worth about $8,396,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Twilio by 50.2% in the 4th quarter. Russell Investments Group Ltd. now owns 192,527 shares of the technology company’s stock worth $20,828,000 after acquiring an additional 64,319 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Down 0.1 %

NYSE TWLO opened at $83.47 on Tuesday. The stock has a 50 day moving average price of $117.08 and a 200-day moving average price of $102.31. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market capitalization of $12.74 billion, a P/E ratio of -130.42, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TWLO shares. JMP Securities reissued a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a research note on Friday, February 14th. Stifel Nicolaus boosted their price target on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and increased their target price for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.35.

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.