Twilio Inc. (NYSE:TWLO) Shares Sold by Cedar Wealth Management LLC

Cedar Wealth Management LLC cut its holdings in shares of Twilio Inc. (NYSE:TWLO) by 51.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWLO. True Wealth Design LLC lifted its stake in Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $44,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Twilio in the 3rd quarter valued at approximately $46,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Performance

NYSE:TWLO opened at $103.44 on Friday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The firm’s fifty day simple moving average is $121.32 and its 200 day simple moving average is $99.13. 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 firm has a market capitalization of $15.79 billion, a PE ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.19 billion. On average, sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Tigress Financial upped their price target on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped 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. Finally, UBS Group upped their price target on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.35.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by insiders.

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.