Twilio Inc. $TWLO Stake Reduced by Kestra Advisory Services LLC

Kestra Advisory Services LLC cut its stake in Twilio Inc. (NYSE:TWLO) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,361 shares of the technology company’s stock after selling 2,851 shares during the period. Kestra Advisory Services LLC’s holdings in Twilio were worth $4,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new position in shares of Twilio in the 3rd quarter worth approximately $39,000. Provenance Wealth Advisors LLC bought a new stake in shares of Twilio in the 3rd quarter valued at $41,000. Continuum Advisory LLC bought a new stake in shares of Twilio in the 2nd quarter valued at $33,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Twilio during the third quarter worth $58,000. Finally, WPG Advisers LLC increased its position in shares of Twilio by 48.0% during the third quarter. WPG Advisers LLC now owns 222 shares of the technology company’s stock worth $65,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 9,084 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the transaction, the chief financial officer owned 99,246 shares of the company’s stock, valued at $29,242,833.90. This represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $291.03, for a total value of $4,203,055.26. Following the completion of the sale, the chief executive officer owned 178,863 shares of the company’s stock, valued at approximately $52,054,498.89. This represents a 7.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 38,818 shares of company stock valued at $11,293,645. Insiders own 0.21% of the company’s stock.

Twilio Stock Performance

NYSE:TWLO opened at $212.56 on Friday. The company has a fifty day moving average of $252.98 and a 200-day moving average of $192.00. The firm has a market capitalization of $32.89 billion, a P/E ratio of 75.16, a P/E/G ratio of 4.26 and a beta of 1.49. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.11. Twilio Inc. has a twelve month low of $105.00 and a twelve month high of $308.40.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Twilio had a net margin of 21.82% and a return on equity of 5.58%. Twilio’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. As a group, sell-side analysts anticipate that Twilio Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of Twilio from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Citigroup reaffirmed a “market outperform” rating on shares of Twilio in a research report on Thursday, August 27th. Mizuho set a $270.00 price target on Twilio in a report on Wednesday, August 12th. UBS Group decreased their price target on Twilio from $285.00 to $255.00 and set a “buy” rating for the company in a report on Friday, October 30th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $275.00 price objective on shares of Twilio in a research report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $269.48.

About Twilio

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.