Twilio Inc. (NYSE:TWLO) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its holdings in shares of Twilio Inc. (NYSE:TWLO) by 13.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,081 shares of the technology company’s stock after selling 175 shares during the period. First Horizon Advisors Inc.’s holdings in Twilio were worth $82,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC increased its position in shares of Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after purchasing an additional 247 shares during the period. Blue Trust Inc. grew its holdings in Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after acquiring an additional 564 shares during the period. Friedenthal Financial bought a new stake in Twilio in the fourth quarter worth about $46,000. Fifth Third Bancorp acquired a new stake in Twilio in the 4th quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Twilio during the 4th quarter valued at about $57,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Trading Up 0.0 %

Twilio stock opened at $63.33 on Wednesday. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of -11.43 and a beta of 1.33. The company’s fifty day moving average price is $60.72 and its two-hundred day moving average price is $64.38. Twilio Inc. has a one year low of $45.02 and a one year high of $78.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64.

Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping 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 analyst estimates of $1.04 billion. On average, analysts forecast that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction dated 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 directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Dana Wagner sold 458 shares of the 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 completion of the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,200 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $66,852.00. Following the transaction, the chief financial officer now directly owns 241,044 shares in the company, valued at approximately $13,428,561.24. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock worth $1,910,447 in the last quarter. 4.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TWLO. Piper Sandler upgraded shares of 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 report on Friday, January 12th. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Stifel Nicolaus cut their target price on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Oppenheimer reiterated an “outperform” rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, April 17th. Finally, HSBC lowered Twilio from a “hold” rating to a “reduce” rating and decreased their price objective for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.