M&T Bank Corp Decreases Holdings in Twilio Inc. (NYSE:TWLO)

M&T Bank Corp trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 11.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,715 shares of the technology company’s stock after selling 1,012 shares during the period. M&T Bank Corp’s holdings in Twilio were worth $756,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its holdings in shares of Twilio by 15.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 14,455 shares of the technology company’s stock valued at $1,415,000 after buying an additional 1,903 shares in the last quarter. Alpha Cubed Investments LLC increased its stake in Twilio by 53.7% in the 1st quarter. Alpha Cubed Investments LLC now owns 16,866 shares of the technology company’s stock worth $1,651,000 after purchasing an additional 5,896 shares during the period. Crossmark Global Holdings Inc. increased its stake in Twilio by 45.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 33,098 shares of the technology company’s stock worth $3,241,000 after purchasing an additional 10,368 shares during the period. California First Leasing Corp increased its stake in Twilio by 32.3% in the 1st quarter. California First Leasing Corp now owns 30,300 shares of the technology company’s stock worth $2,967,000 after purchasing an additional 7,400 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Twilio by 74.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 82,120 shares of the technology company’s stock worth $8,040,000 after purchasing an additional 35,127 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Twilio

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director owned 33,488 shares in the company, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of Twilio stock in a transaction on Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer owned 260,581 shares of the company’s stock, valued at $32,450,151.93. The trade was a 7.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,888 shares of company stock worth $6,753,409. 4.50% of the stock is owned by insiders.

Twilio Trading Up 4.6%

NYSE TWLO opened at $118.35 on Tuesday. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $56.16 and a twelve month high of $151.95. The firm has a market capitalization of $18.07 billion, a PE ratio of -563.55, a P/E/G ratio of 3.52 and a beta of 1.30. The stock’s 50 day moving average is $116.70 and its 200 day moving average is $112.24.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. Research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. Scotiabank lifted their price target on Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. Robert W. Baird decreased their price target on Twilio from $160.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. KeyCorp started coverage on Twilio in a research note on Friday, June 6th. They issued an “overweight” rating and a $146.00 price target on the stock. Finally, Piper Sandler lifted their price objective on Twilio from $121.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.22.

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.