Kestra Private Wealth Services LLC Has $928,000 Stock Position in Twilio Inc. (NYSE:TWLO)

Kestra Private Wealth Services LLC lowered its stake in Twilio Inc. (NYSE:TWLO) by 45.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,582 shares of the technology company’s stock after selling 7,060 shares during the period. Kestra Private Wealth Services LLC’s holdings in Twilio were worth $928,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management acquired a new position in shares of Twilio during the 4th quarter worth approximately $344,000. KBC Group NV grew its position in shares of Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 9,140 shares in the last quarter. Zacks Investment Management acquired a new position in shares of Twilio during the 3rd quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in shares of Twilio during the 4th quarter worth approximately $230,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In other news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,015 shares of company stock valued at $2,483,695. Insiders own 4.50% of the company’s stock.

Twilio Price Performance

TWLO stock opened at $147.27 on Friday. The company has a fifty day moving average price of $120.22 and a 200-day moving average price of $89.34. The company has a market capitalization of $22.59 billion, a P/E ratio of -57.30, a PEG ratio of 3.60 and a beta of 1.43. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 10.65% and a positive return on equity of 0.85%. As a group, equities analysts expect that Twilio Inc. will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of analyst reports. TD Cowen increased their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Mizuho increased their target price on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Tigress Financial upped their price target on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Stifel Nicolaus upped their price target on shares of Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and an average target price of $119.25.

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.