Creative Planning Decreases Stock Position in Twilio Inc. (NYSE:TWLO)

Creative Planning trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 6.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,129 shares of the technology company’s stock after selling 1,870 shares during the quarter. Creative Planning’s holdings in Twilio were worth $1,598,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its holdings in shares of Twilio by 36.6% during the fourth quarter. Allianz Asset Management GmbH now owns 20,061 shares of the technology company’s stock worth $1,522,000 after buying an additional 5,377 shares in the last quarter. Caxton Associates LP purchased a new stake in Twilio during the 4th quarter valued at about $2,000,000. Garner Asset Management Corp acquired a new stake in Twilio in the 4th quarter valued at about $105,000. Bares Capital Management Inc. lifted its stake in Twilio by 28.6% in the 4th quarter. Bares Capital Management Inc. now owns 428,730 shares of the technology company’s stock worth $32,528,000 after purchasing an additional 95,258 shares in the last quarter. Finally, Clarity Capital Partners LLC acquired a new position in shares of Twilio during the 4th quarter worth approximately $345,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,682 shares of Twilio stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total value of $437,938.28. Following the sale, the chief financial officer now directly owns 171,187 shares of the company’s stock, valued at $11,219,595.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,394 shares of company stock valued at $3,072,756. 4.50% of the stock is currently owned by corporate insiders.

Twilio Trading Up 1.7 %

Shares of TWLO stock opened at $68.63 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The stock has a market capitalization of $11.75 billion, a P/E ratio of -17.11, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. The company has a 50 day moving average price of $61.18 and a 200 day moving average price of $59.65.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned ($0.23) earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TWLO shares. JPMorgan Chase & Co. lifted their price objective on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their price target on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Barclays dropped their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Tigress Financial lifted their target price on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $70.00 to $60.00 in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.52.

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.