Capital Investment Advisory Services LLC Sells 300 Shares of Twilio Inc. (NYSE:TWLO)

Capital Investment Advisory Services LLC reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 7.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,826 shares of the technology company’s stock after selling 300 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Twilio were worth $414,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC raised its holdings in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Twilio in the third quarter worth $46,000. Venturi Wealth Management LLC lifted its holdings in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares in the last quarter. Huntington National Bank boosted its position in shares of Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after buying an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp bought a new stake in Twilio in the 3rd quarter worth about $53,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock worth $2,483,695 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Down 1.2 %

Shares of NYSE TWLO opened at $146.58 on Friday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average is $112.95 and its two-hundred day moving average is $83.68.

Analyst Ratings Changes

TWLO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Northland Securities raised their target price on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Mizuho boosted their target price on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group upped their price objective on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.25.

About Twilio

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.