Twilio Inc. (NYSE:TWLO) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,370 shares of the technology company's stock after selling 19,168 shares during the period. Cresset Asset Management LLC's holdings in Twilio were worth $1,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Twilio by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,902 shares of the technology company's stock worth $1,611,000 after buying an additional 290 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Twilio in the fourth quarter worth about $270,000. Cooper Financial Group acquired a new position in Twilio in the 4th quarter worth approximately $240,000. Sivia Capital Partners LLC purchased a new position in Twilio in the 4th quarter valued at $232,000. Finally, Friedenthal Financial acquired a new position in shares of Twilio during the fourth quarter worth about $844,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler lifted their target price on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. 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. Oppenheimer upped their price objective on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Mizuho reduced their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio has an average rating of "Moderate Buy" and an average target price of $124.41.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $1.96 during mid-day trading on Friday, reaching $116.19. 3,345,868 shares of the company traded hands, compared to its average volume of 2,673,568. The company's 50 day moving average price is $96.78 and its 200-day moving average price is $107.96. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The firm has a market cap of $17.73 billion, a PE ratio of -181.54, a PEG ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the firm earned $0.80 EPS. The business's revenue was up 12.0% on a year-over-year basis. On average, equities analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the sale, the chief executive officer now directly owns 280,589 shares of the company's stock, valued at approximately $25,704,758.29. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,751 shares of company stock valued at $4,476,830 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Twilio 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.