Neuberger Berman Group LLC Cuts Stock Holdings in Twilio Inc. (NYSE:TWLO)

Neuberger Berman Group LLC reduced its position in Twilio Inc. (NYSE:TWLO - Free Report) by 88.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,268 shares of the technology company's stock after selling 17,178 shares during the period. Neuberger Berman Group LLC's holdings in Twilio were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TWLO. JFS Wealth Advisors LLC increased its stake in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Twilio in the fourth quarter worth about $44,000. Private Trust Co. NA lifted its position in shares of Twilio by 395.6% during 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 in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Twilio during the 4th quarter valued at approximately $75,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TWLO. StockNews.com downgraded shares of Twilio from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Tigress Financial lifted their target price on shares of Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Barclays increased their price target on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Stifel Nicolaus upped their price objective on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Finally, Morgan Stanley decreased their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.13.

Twilio Trading Down 1.2 %

NYSE:TWLO traded down $1.01 during midday trading on Friday, hitting $84.76. 1,493,706 shares of the company traded hands, compared to its average volume of 2,636,129. 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 firm's fifty day moving average is $105.06 and its 200-day moving average is $103.07. The firm has a market capitalization of $12.94 billion, a P/E ratio of -132.43, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, sell-side analysts predict 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.