Toronado Partners LLC Sells 131,000 Shares of Twilio Inc. (NYSE:TWLO)

Toronado Partners LLC decreased its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 45.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,250 shares of the technology company's stock after selling 131,000 shares during the period. Twilio comprises approximately 10.9% of Toronado Partners LLC's investment portfolio, making the stock its 2nd biggest holding. Toronado Partners LLC owned about 0.10% of Twilio worth $17,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JFS Wealth Advisors LLC grew its holdings in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust increased 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 in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $44,000. Private Trust Co. NA increased its stake in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Twilio in the fourth quarter valued at approximately $75,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value 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. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TWLO. JMP Securities restated a "market outperform" rating and set a $165.00 price target on shares of Twilio in a report on Friday, February 14th. Wells Fargo & Company raised their target price on Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, January 24th. UBS Group lifted their price objective on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group boosted their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Finally, Morgan Stanley cut their target price on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $132.13.

Twilio Stock Performance

Twilio stock traded down $0.18 during mid-day trading on Thursday, reaching $85.59. The company had a trading volume of 635,438 shares, compared to its average volume of 2,629,198. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of -133.45, a PEG ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a 50 day moving average of $106.25 and a 200-day moving average of $102.94. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, sell-side analysts expect that Twilio Inc. will post 1.44 EPS 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.