Fiducient Advisors LLC Cuts Stock Holdings in Twilio Inc. (NYSE:TWLO)

Fiducient Advisors LLC decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 61.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,135 shares of the technology company's stock after selling 3,365 shares during the quarter. Fiducient Advisors LLC's holdings in Twilio were worth $231,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Geode Capital Management LLC grew its position in Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock valued at $177,622,000 after acquiring an additional 33,824 shares during the last quarter. Norges Bank acquired a new position in Twilio during the fourth quarter worth about $222,146,000. Bank of New York Mellon Corp lifted its stake in shares of Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after acquiring an additional 99,786 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Twilio during the fourth quarter worth about $62,999,000. Institutional investors own 84.27% of the company's stock.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the firm's 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 sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,471 shares of company stock valued at $2,344,149. Corporate insiders own 4.50% of the company's stock.

Twilio Stock Performance

Shares of NYSE TWLO traded down $1.01 during midday trading on Friday, reaching $84.76. The company had a trading volume of 1,493,706 shares, compared to its average volume of 2,636,129. The stock has a market cap 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. 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 1 year low of $52.51 and a 1 year high of $151.95. The business's 50-day simple moving average is $105.06 and its 200 day simple moving average is $103.07.

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

Analyst Ratings Changes

A number of analysts have weighed in on TWLO shares. JPMorgan Chase & Co. increased their target price on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their target price on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. Piper Sandler reissued an "overweight" rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Finally, Tigress Financial lifted their price target on shares of Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $132.13.

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.