Sherbrooke Park Advisers LLC Sells 9,382 Shares of Twilio Inc. (NYSE:TWLO)

Sherbrooke Park Advisers LLC lowered its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 81.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,190 shares of the technology company's stock after selling 9,382 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Twilio were worth $237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its position in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of Twilio in the fourth quarter valued at about $44,000. Private Trust Co. NA raised its position in Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after buying an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Twilio in the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Down 0.2%

Shares of TWLO opened at $116.07 on Tuesday. The firm has a market cap of $17.72 billion, a P/E ratio of -181.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The firm's 50-day simple moving average is $97.05 and its 200 day simple moving average is $108.18.

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 company 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. On average, analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In related 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 transaction of $216,931.00. Following the sale, the chief financial officer now owns 165,982 shares of the company's stock, valued at $18,714,470.50. This represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 14,545 shares of Twilio 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 completion of the transaction, the chief executive officer now directly owns 280,589 shares of the company's stock, valued at $25,704,758.29. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,284 shares of company stock valued at $4,520,567. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on TWLO. Scotiabank increased their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Tigress Financial restated a "buy" rating and set a $170.00 price objective on shares of Twilio in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Baird R W upgraded Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. Finally, Robert W. Baird reduced their price target on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.

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