Kestra Private Wealth Services LLC Sells 307 Shares of Twilio Inc. (NYSE:TWLO)

Kestra Private Wealth Services LLC reduced its holdings in shares of Twilio Inc. (NYSE:TWLO) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,275 shares of the technology company’s stock after selling 307 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Twilio were worth $810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TWLO. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Twilio during the fourth quarter worth $301,258,000. Norges Bank bought a new stake in Twilio during the fourth quarter worth $222,146,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Twilio by 26.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company’s stock worth $173,190,000 after buying an additional 331,202 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock worth $122,101,000 after buying an additional 1,048,619 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Price Performance

Twilio stock opened at $131.79 on Friday. The firm has a market cap of $20.12 billion, a PE ratio of -627.59, a price-to-earnings-growth ratio of 4.13 and a beta of 1.30. Twilio Inc. has a 52-week low of $56.16 and a 52-week high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $119.97 and its two-hundred day moving average is $113.26.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $0.80 EPS. Twilio’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TWLO shares. Wall Street Zen lowered Twilio from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 30th. Robert W. Baird lowered their target price on Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. JMP Securities reissued a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research note on Tuesday, April 29th. Wells Fargo & Company lowered their price target on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, KeyCorp started coverage on Twilio in a research report on Friday, June 6th. They issued an “overweight” rating and a $146.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.22.

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director owned 33,488 shares of the company’s stock, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the sale, the chief financial officer directly owned 147,823 shares in the company, valued at approximately $17,302,682.15. The trade was a 5.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock valued at $6,753,409 over the last quarter. Corporate insiders own 0.21% of the company’s stock.

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.