Twilio Inc. (NYSE:TWLO) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC decreased its position in shares of Twilio Inc. (NYSE:TWLO) by 59.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,646 shares of the technology company’s stock after selling 5,381 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Twilio were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TWLO. Arrowstreet Capital Limited Partnership increased its holdings in shares of Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in shares of Twilio in the fourth quarter valued at approximately $301,258,000. Norges Bank acquired a new position in shares of Twilio in the fourth quarter valued at approximately $222,146,000. Two Sigma Investments LP increased its holdings in shares of Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after purchasing an additional 1,048,619 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new position in shares of Twilio in the fourth quarter valued at approximately $111,312,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,924 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $112.75, for a total transaction of $216,931.00. Following the transaction, the chief financial officer now directly owns 165,982 shares in the company, valued at approximately $18,714,470.50. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director now owns 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock worth $4,719,065 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TWLO has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on Twilio from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Robert W. Baird dropped their target price on Twilio from $160.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Morgan Stanley dropped their target price on Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.39.

Twilio Stock Up 1.2%

Shares of NYSE:TWLO opened at $122.92 on Friday. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $55.38 and a 52-week high of $151.95. The stock’s fifty day simple moving average is $111.05 and its 200-day simple moving average is $111.52. The company has a market capitalization of $18.77 billion, a P/E ratio of -585.31, a P/E/G ratio of 3.78 and a beta of 1.30.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business earned $0.80 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.