Twilio Inc. (NYSE:TWLO) Position Trimmed by Prospera Financial Services Inc

Prospera Financial Services Inc reduced its holdings in Twilio Inc. (NYSE:TWLO) by 2.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,148 shares of the technology company’s stock after selling 133 shares during the quarter. Prospera Financial Services Inc’s holdings in Twilio were worth $401,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TWLO. Sei Investments Co. boosted its stake in Twilio by 2.2% in the first quarter. Sei Investments Co. now owns 17,842 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 378 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in Twilio during the 1st quarter valued at approximately $203,000. UniSuper Management Pty Ltd grew its stake in Twilio by 108.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,500 shares of the technology company’s stock worth $153,000 after buying an additional 1,300 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Twilio by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 123,103 shares of the technology company’s stock worth $7,529,000 after buying an additional 3,780 shares during the period. Finally, SVB Wealth LLC lifted its stake in Twilio by 27.6% in the first quarter. SVB Wealth LLC now owns 9,610 shares of the technology company’s stock valued at $588,000 after buying an additional 2,078 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Trading Up 2.2 %

Shares of NYSE TWLO opened at $104.35 on Monday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $104.74. The company has a market cap of $16.01 billion, a price-to-earnings ratio of -40.60, a P/E/G ratio of 3.02 and a beta of 1.32. The business has a fifty day simple moving average of $76.32 and a 200-day simple moving average of $64.85.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the transaction, the chief financial officer now owns 177,869 shares in the company, valued at approximately $11,566,821.07. The trade was a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,946 shares of company stock worth $3,354,771. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TWLO. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Piper Sandler raised their price target on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Sanford C. Bernstein boosted their price objective on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. TD Cowen raised their target price on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their target price on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has an average rating of “Hold” and a consensus price target of $83.70.

Twilio 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.