Kestra Private Wealth Services LLC Has $928,000 Stock Holdings in Twilio Inc. (NYSE:TWLO)

Kestra Private Wealth Services LLC trimmed its stake in Twilio Inc. (NYSE:TWLO) by 45.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,582 shares of the technology company’s stock after selling 7,060 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Twilio were worth $928,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TWLO. CWM LLC grew its holdings in Twilio by 45.0% in the third quarter. CWM LLC now owns 20,569 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 6,387 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Twilio by 450.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the technology company’s stock worth $72,000 after purchasing an additional 900 shares during the period. Creative Planning grew its holdings in Twilio by 15.4% in the third quarter. Creative Planning now owns 32,451 shares of the technology company’s stock worth $2,116,000 after purchasing an additional 4,322 shares during the period. Probity Advisors Inc. acquired a new stake in Twilio in the third quarter worth $234,000. Finally, Raymond James & Associates grew its holdings in Twilio by 235.4% in the third quarter. Raymond James & Associates now owns 77,386 shares of the technology company’s stock worth $5,047,000 after purchasing an additional 54,310 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TWLO shares. Mizuho lifted their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Monness Crespi & Hardt lifted their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. Northland Securities lifted their price objective on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. UBS Group lifted their price objective on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Stifel Nicolaus lifted their price objective on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.25.

Twilio Stock Performance

Shares of TWLO stock opened at $147.27 on Friday. The firm has a market cap of $22.59 billion, a price-to-earnings ratio of -57.30, a P/E/G ratio of 3.60 and a beta of 1.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The firm’s 50-day simple moving average is $120.22 and its two-hundred day simple moving average is $89.34.

Twilio (NYSE:TWLO) 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 positive return on equity of 0.85% and a negative net margin of 10.65%. As a group, equities analysts forecast that Twilio Inc. will post 0.88 earnings per share for the current year.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,015 shares of company stock worth $2,483,695 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

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.