Twilio Inc. (NYSE:TWLO) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC cut its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 59.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,646 shares of the technology company's stock after selling 5,381 shares during the quarter. Carolina Wealth Advisors LLC's holdings in Twilio were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Achmea Investment Management B.V. increased its stake in shares of Twilio by 36.6% in the 1st quarter. Achmea Investment Management B.V. now owns 67,344 shares of the technology company's stock worth $6,594,000 after acquiring an additional 18,044 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Twilio by 9.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock worth $202,000 after acquiring an additional 174 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Twilio by 4.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 897,041 shares of the technology company's stock worth $87,829,000 after acquiring an additional 39,518 shares during the last quarter. Consolidated Planning Corp purchased a new position in shares of Twilio during the 1st quarter worth $4,205,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Twilio during the 1st quarter worth $436,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWLO has been the subject of a number of research analyst reports. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Tigress Financial reiterated a "buy" rating and set a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. UBS Group lowered their price target on Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group increased their price target on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Twilio in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.39.

Insider Buying and Selling

In related news, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director now owns 33,488 shares in the company, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,884 shares of company stock worth $4,719,065 over the last 90 days. 0.21% of the stock is owned by insiders.

Twilio Stock Performance

Shares of TWLO opened at $122.92 on Friday. The stock has a 50-day simple moving average of $111.05 and a 200-day simple moving average of $111.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. The stock has a market capitalization of $18.77 billion, a PE ratio of -585.31, a PEG ratio of 3.78 and a beta of 1.30. Twilio Inc. has a 1 year low of $55.38 and a 1 year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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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