GM Advisory Group LLC Sells 9,520 Shares of Twilio Inc. (NYSE:TWLO)

GM Advisory Group LLC decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 25.9% in the fourth quarter, HoldingsChannel reports. The firm owned 27,301 shares of the technology company’s stock after selling 9,520 shares during the quarter. GM Advisory Group LLC’s holdings in Twilio were worth $2,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new position in Twilio during the 4th quarter valued at approximately $1,992,000. Vinva Investment Management Ltd grew its holdings in shares of Twilio by 26.5% during the 4th quarter. Vinva Investment Management Ltd now owns 177,055 shares of the technology company’s stock worth $19,585,000 after acquiring an additional 37,126 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Twilio during the 4th quarter worth approximately $340,000. Xponance Inc. grew its holdings in shares of Twilio by 1.1% during the 4th quarter. Xponance Inc. now owns 17,623 shares of the technology company’s stock worth $1,905,000 after acquiring an additional 193 shares during the period. Finally, Boston Partners grew its holdings in shares of Twilio by 16.1% during the 4th quarter. Boston Partners now owns 163,474 shares of the technology company’s stock worth $17,673,000 after acquiring an additional 22,655 shares during the period. Institutional investors own 84.27% of the company’s stock.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TWLO has been the topic of a number of research analyst reports. Stifel Nicolaus upped their target price on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $144.00 to $160.00 in a report on Monday, February 24th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Needham & Company LLC upped their target price on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Twilio Stock Performance

TWLO stock opened at $99.12 on Wednesday. The stock has a market capitalization of $15.13 billion, a PE ratio of -154.88, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $121.75 and its 200 day simple moving average is $98.53.

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 the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.