Twilio Inc. $TWLO Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC reduced its position in Twilio Inc. (NYSE:TWLO) by 14.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,361 shares of the technology company’s stock after selling 2,851 shares during the period. Kestra Advisory Services LLC’s holdings in Twilio were worth $4,785,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TWLO. Continuum Advisory LLC acquired a new stake in Twilio in the 2nd quarter valued at $33,000. Western Pacific Wealth Management LP bought a new stake in Twilio during the 3rd quarter valued at $39,000. Provenance Wealth Advisors LLC bought a new stake in Twilio during the 3rd quarter valued at $41,000. Hilltop National Bank acquired a new position in Twilio during the second quarter worth $50,000. Finally, Reyes Financial Architecture Inc. acquired a new position in Twilio during the third quarter worth $58,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

Shares of NYSE TWLO opened at $212.56 on Friday. Twilio Inc. has a twelve month low of $105.00 and a twelve month high of $308.40. The stock’s 50 day moving average price is $252.98 and its 200-day moving average price is $192.00. The company has a market capitalization of $32.89 billion, a PE ratio of 75.16, a PEG ratio of 4.26 and a beta of 1.49. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, October 29th. The technology company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Twilio had a return on equity of 5.58% and a net margin of 21.82%. Twilio’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. On average, equities analysts anticipate that Twilio Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Oppenheimer raised their price objective on shares of Twilio from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 target price on shares of Twilio in a research report on Friday, August 7th. Bank of America boosted their target price on shares of Twilio from $270.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Tigress Financial upped their target price on shares of Twilio from $255.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Finally, Weiss Ratings cut shares of Twilio from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $269.48.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 9,084 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total value of $2,676,600.60. Following the completion of the transaction, the chief financial officer owned 99,246 shares in the company, valued at $29,242,833.90. This represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $291.03, for a total value of $4,203,055.26. Following the completion of the transaction, the chief executive officer owned 178,863 shares of the company’s stock, valued at $52,054,498.89. This trade represents a 7.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 38,818 shares of company stock worth $11,293,645. Insiders own 0.21% of the company’s stock.

About Twilio

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.