Farmers Trust Co. Sells 4,670 Shares of Twilio Inc. (NYSE:TWLO)

Farmers Trust Co. cut its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,034 shares of the technology company's stock after selling 4,670 shares during the quarter. Farmers Trust Co.'s holdings in Twilio were worth $4,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TWLO. Janney Montgomery Scott LLC grew its stake in shares of Twilio by 9.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 33,374 shares of the technology company's stock worth $3,607,000 after purchasing an additional 2,911 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after acquiring an additional 623 shares during the last quarter. Forsta AP Fonden increased its position in Twilio by 30.3% in the fourth quarter. Forsta AP Fonden now owns 43,900 shares of the technology company's stock worth $4,745,000 after buying an additional 10,200 shares in the last quarter. Swedbank AB lifted its position in shares of Twilio by 7.2% during the 4th quarter. Swedbank AB now owns 60,280 shares of the technology company's stock valued at $6,515,000 after buying an additional 4,026 shares in the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of Twilio during the 4th quarter valued at approximately $912,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,924 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the transaction, the chief financial officer now owns 165,982 shares in the company, valued at approximately $18,714,470.50. This represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the completion of the transaction, the chief executive officer now owns 280,589 shares in the company, valued at $25,704,758.29. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,784 shares of company stock valued at $4,226,942. Corporate insiders own 0.21% of the company's stock.

Twilio Stock Down 1.9%

Shares of NYSE:TWLO traded down $2.26 during trading on Tuesday, hitting $117.34. 1,273,944 shares of the company's stock traded hands, compared to its average volume of 2,674,341. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $17.91 billion, a price-to-earnings ratio of -183.34, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a 50-day moving average price of $99.99 and a 200-day moving average price of $109.78.

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

Analyst Ratings Changes

Several analysts recently issued reports on TWLO shares. Scotiabank increased their target price on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Royal Bank of Canada restated an "underperform" rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, March 19th. Barclays lifted their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Morgan Stanley decreased their price target on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, William Blair reaffirmed an "outperform" rating on shares of Twilio in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

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.