Cedar Wealth Management LLC Has $360,000 Position in Twilio Inc. (NYSE:TWLO)

Cedar Wealth Management LLC reduced its holdings in shares of Twilio Inc. (NYSE:TWLO) by 51.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,327 shares of the technology company’s stock after selling 3,489 shares during the period. Cedar Wealth Management LLC’s holdings in Twilio were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. M&T Bank Corp boosted its position in shares of Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after acquiring an additional 85 shares in the last quarter. Allworth Financial LP boosted its position in shares of Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after acquiring an additional 94 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after acquiring an additional 104 shares in the last quarter. Tidal Investments LLC boosted its position in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after buying an additional 112 shares in the last quarter. Finally, Freestone Capital Holdings LLC boosted its position in Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock valued at $423,000 after buying an additional 124 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. JMP Securities restated a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research report on Friday, February 14th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.35.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,277 shares of company stock valued at $2,441,324. Corporate insiders own 4.50% of the company’s stock.

Twilio Trading Up 1.6 %

TWLO opened at $103.44 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $15.79 billion, a price-to-earnings ratio of -161.62, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm has a 50 day simple moving average of $121.32 and a 200 day simple moving average of $99.13. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO) last issued its earnings results 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

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.