Twilio Inc. (NYSE:TWLO) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,920 shares of the technology company’s stock after selling 4,011 shares during the period. Parallel Advisors LLC’s holdings in Twilio were worth $3,018,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC increased its position in 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 buying an additional 266 shares during the period. Parkside Financial Bank & Trust increased its position in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new stake in Twilio in the fourth quarter worth $44,000. True Wealth Design LLC increased its position in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the period. Finally, Private Trust Co. NA increased its position in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after buying an additional 360 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TWLO shares. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and increased their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price target on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price target on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Twilio Trading Up 1.5 %

NYSE:TWLO opened at $100.46 on Tuesday. 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 Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of -156.97, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The stock has a fifty day simple moving average of $121.97 and a 200 day simple moving average of $98.27.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other Twilio news, 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 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 transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock worth $2,441,324 in the last quarter. 4.50% of the stock is owned by company insiders.

Twilio 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.