Farmers Trust Co. Lowers Position in Twilio Inc. (NYSE:TWLO)

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

Other institutional investors have also made changes to their positions in the company. M&T Bank Corp increased its holdings in Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after buying an additional 85 shares during the period. Allworth Financial LP lifted its position in shares of Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock worth $165,000 after buying an additional 94 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock worth $120,000 after buying an additional 104 shares during the last quarter. Freestone Capital Holdings LLC lifted its position in shares of Twilio by 3.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock worth $423,000 after buying an additional 124 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Twilio by 3.4% in the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after acquiring an additional 135 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,924 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $112.75, for a total transaction of $216,931.00. Following the completion of the transaction, the chief financial officer now directly owns 165,982 shares in the company, valued at $18,714,470.50. This trade represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,784 shares of company stock worth $4,226,942. Corporate insiders own 4.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank of Canada reiterated an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. UBS Group decreased their target price on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus boosted their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Finally, Robert W. Baird decreased their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.41.

Twilio Trading Up 0.6%

NYSE TWLO traded up $0.74 during mid-day trading on Friday, reaching $117.97. 2,757,890 shares of the stock were exchanged, compared to its average volume of 2,678,162. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The stock has a 50 day simple moving average of $99.68 and a 200-day simple moving average of $109.47. The stock has a market cap of $18.01 billion, a P/E ratio of -184.33, a P/E/G 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 for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. On average, analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

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.