Motley Fool Wealth Management LLC Has $7.45 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Motley Fool Wealth Management LLC lowered its position in shares of Twilio Inc. (NYSE:TWLO) by 8.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 98,848 shares of the technology company’s stock after selling 9,136 shares during the period. Motley Fool Wealth Management LLC’s holdings in Twilio were worth $7,448,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TWLO. Synovus Financial Corp raised its stake in Twilio by 6.9% in the third quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after purchasing an additional 306 shares in the last quarter. Pearl River Capital LLC raised its stake in Twilio by 363.2% in the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock valued at $1,793,000 after purchasing an additional 24,026 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Twilio by 10.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock valued at $69,372,000 after purchasing an additional 113,042 shares in the last quarter. Hodges Capital Management Inc. acquired a new position in Twilio in the third quarter valued at about $4,738,000. Finally, New York Life Investment Management LLC raised its stake in Twilio by 70.9% in the third quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock valued at $1,295,000 after purchasing an additional 9,180 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Price Performance

TWLO traded up $0.88 during midday trading on Friday, hitting $60.89. The stock had a trading volume of 1,602,557 shares, compared to its average volume of 2,176,785. The company has a market cap of $11.02 billion, a P/E ratio of -10.99 and a beta of 1.35. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $78.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The business has a fifty day moving average of $60.11 and a 200 day moving average of $64.05.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. As a group, equities analysts forecast that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the sale, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Twilio news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the sale, the insider now owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the sale, the chief financial officer now directly owns 167,101 shares in the company, valued at approximately $10,529,034.01. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock worth $1,910,447 over the last three months. 4.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on TWLO shares. TD Cowen lowered their target price on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. HSBC downgraded Twilio from a “hold” rating to a “reduce” rating and lowered their target price for the stock from $62.00 to $61.00 in a research note on Wednesday, February 14th. Piper Sandler raised Twilio from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $82.00 in a research note on Friday, January 12th. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 target price on shares of Twilio in a research note on Wednesday, March 6th. Finally, Northland Securities cut Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.90.

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.