Twilio Inc. (NYSE:TWLO) Shares Sold by United Advisor Group LLC

United Advisor Group LLC lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,066 shares of the technology company's stock after selling 4,232 shares during the period. United Advisor Group LLC's holdings in Twilio were worth $1,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TWLO. Bleakley Financial Group LLC purchased a new stake in Twilio in the 4th quarter valued at approximately $230,000. Aigen Investment Management LP raised its position in shares of Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after buying an additional 5,188 shares during the period. Highland Capital Management LLC purchased a new position in shares of Twilio in the 4th quarter worth $912,000. Moloney Securities Asset Management LLC purchased a new position in shares of Twilio in the 4th quarter worth $860,000. Finally, Oppenheimer & Co. Inc. raised its position in Twilio by 145.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 11,603 shares of the technology company's stock valued at $1,254,000 after purchasing an additional 6,881 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity

In related news, CFO Aidan Viggiano sold 8,735 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $800,213.35. Following the sale, the chief financial officer now owns 167,905 shares of the company's stock, valued at $15,381,777.05. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's 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 sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,784 shares of company stock valued at $4,226,942. Insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TWLO shares. JMP Securities reissued a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research report on Tuesday, April 29th. Piper Sandler raised their price objective on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. HSBC raised Twilio from a "reduce" rating to a "hold" rating and raised their price objective for the company from $77.00 to $99.00 in a research report on Monday, May 5th. Jefferies Financial Group lowered their target price on Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Finally, Tigress Financial restated a "buy" rating and set a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Twilio Stock Performance

NYSE TWLO traded up $0.83 during trading hours on Wednesday, reaching $117.78. The company's stock had a trading volume of 2,023,975 shares, compared to its average volume of 2,684,860. 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 business has a 50-day simple moving average of $98.94 and a 200 day simple moving average of $109.10. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The stock has a market cap of $17.98 billion, a PE ratio of -184.03, a PEG ratio of 4.30 and a beta of 1.44.

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

Twilio Company 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.