First Trust Advisors LP Decreases Position in Twilio Inc. (NYSE:TWLO)

First Trust Advisors LP trimmed its position in Twilio Inc. (NYSE:TWLO - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,277 shares of the technology company's stock after selling 63,277 shares during the quarter. First Trust Advisors LP owned 0.68% of Twilio worth $112,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JFS Wealth Advisors LLC increased its position in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust raised its position 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 buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Twilio during the 4th quarter worth approximately $44,000. Private Trust Co. NA boosted 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 worth $49,000 after acquiring an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Twilio during the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Up 1.7 %

Shares of NYSE:TWLO traded up $1.62 during midday trading on Friday, hitting $95.15. 2,286,162 shares of the company's stock were exchanged, compared to its average volume of 2,641,001. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a market cap of $14.52 billion, a PE ratio of -148.67, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The stock has a 50 day moving average price of $99.35 and a 200-day moving average price of $103.94.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TWLO shares. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and raised their target price for the company from $77.00 to $185.00 in a report on Monday, January 27th. StockNews.com cut shares of Twilio from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Robert W. Baird upgraded shares of Twilio from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. Finally, Mizuho dropped their price target on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One investment 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 a consensus target price of $129.30.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated 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 in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is owned by 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.