Corient Private Wealth LLC Sells 2,523 Shares of Twilio Inc. (NYSE:TWLO)

Corient Private Wealth LLC cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,881 shares of the technology company’s stock after selling 2,523 shares during the quarter. Corient Private Wealth LLC’s holdings in Twilio were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TWLO. Ritholtz Wealth Management purchased a new position in Twilio during the 4th quarter valued at about $344,000. Bleakley Financial Group LLC purchased a new position in shares of Twilio during the fourth quarter valued at approximately $230,000. Zacks Investment Management bought a new position in shares of Twilio during the third quarter valued at approximately $3,386,000. Aigen Investment Management LP lifted its stake in Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after acquiring an additional 5,188 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Twilio by 151.7% in the third quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company’s stock valued at $2,820,000 after acquiring an additional 26,062 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

Shares of NYSE:TWLO opened at $106.40 on Tuesday. The firm’s 50 day moving average price is $121.29 and its 200-day moving average price is $99.71. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $16.24 billion, a PE ratio of -166.25, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

TWLO has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Mizuho raised their price objective on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Oppenheimer raised their target price on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.35.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

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.