Kovitz Investment Group Partners LLC Cuts Stock Holdings in Twilio Inc. (NYSE:TWLO)

Kovitz Investment Group Partners LLC cut its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 34.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,323 shares of the technology company's stock after selling 4,282 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Twilio were worth $900,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ritholtz Wealth Management bought a new stake in Twilio during the 4th quarter valued at $344,000. Bleakley Financial Group LLC bought a new stake in shares of Twilio during the fourth quarter worth about $230,000. Aigen Investment Management LP raised its holdings 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 acquiring an additional 5,188 shares during the last quarter. Highland Capital Management LLC bought a new position in Twilio in the 4th quarter valued at about $912,000. Finally, Moloney Securities Asset Management LLC acquired a new position in Twilio during the 4th quarter valued at about $860,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Up 2.3 %

Shares of TWLO stock traded up $2.23 during mid-day trading on Friday, reaching $100.11. The stock had a trading volume of 7,162,474 shares, compared to its average volume of 2,694,647. The firm has a market capitalization of $15.28 billion, a PE ratio of -156.42, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The stock's 50-day moving average price is $97.36 and its two-hundred day moving average price is $105.12. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during 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%. Twilio's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 EPS. Equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Scotiabank increased their target price on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday. Piper Sandler raised their target price on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday. Morgan Stanley dropped their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird decreased their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio has a consensus rating of "Moderate Buy" and an average price target of $121.13.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is currently owned by corporate insiders.

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.