Financial Advocates Investment Management Has $374,000 Holdings in Twilio Inc. (NYSE:TWLO)

Financial Advocates Investment Management decreased its position in Twilio Inc. (NYSE:TWLO) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,456 shares of the technology company’s stock after selling 97 shares during the period. Financial Advocates Investment Management’s holdings in Twilio were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TWLO. Tidal Investments LLC lifted its stake in shares of Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 112 shares during the period. Covestor Ltd increased its holdings in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC lifted its stake in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after buying an additional 170 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after buying an additional 182 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its position in shares of Twilio by 2.4% during the 4th quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after buying an additional 208 shares during the period. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Northland Securities increased their target price on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their target price on Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, January 24th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Finally, Mizuho upped their target price on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Stock Performance

Shares of TWLO opened at $145.59 on Monday. The stock has a 50 day moving average of $118.03 and a 200 day moving average of $87.53. 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 12 month low of $52.51 and a 12 month high of $151.95. The company has a market capitalization of $22.33 billion, a price-to-earnings ratio of -56.65, a PEG ratio of 3.60 and a beta of 1.43.

Insider Activity

In related news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock valued at $2,483,695 in the last ninety days. 4.50% of the stock is currently owned by insiders.

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.