Twilio Inc. $TWLO Stock Position Decreased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 89.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,004 shares of the technology company’s stock after selling 17,315 shares during the period. Alpha Cubed Investments LLC’s holdings in Twilio were worth $201,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 623 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Twilio during the 2nd quarter worth $251,000. Truist Financial Corp raised its holdings in shares of Twilio by 1,286.7% during the 2nd quarter. Truist Financial Corp now owns 277,707 shares of the technology company’s stock valued at $34,536,000 after purchasing an additional 257,681 shares in the last quarter. Institute for Wealth Management LLC. lifted its stake in shares of Twilio by 6.8% in the 2nd quarter. Institute for Wealth Management LLC. now owns 2,702 shares of the technology company’s stock valued at $336,000 after purchasing an additional 173 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Twilio by 694.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,579 shares of the technology company’s stock valued at $7,285,000 after purchasing an additional 51,208 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on TWLO shares. Morgan Stanley increased their target price on shares of Twilio from $154.00 to $169.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Piper Sandler reissued a “neutral” rating and set a $148.00 price objective (up previously from $145.00) on shares of Twilio in a report on Monday, January 5th. JPMorgan Chase & Co. raised their price objective on Twilio from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Royal Bank Of Canada upped their target price on Twilio from $75.00 to $100.00 and gave the stock an “underperform” rating in a research report on Monday, January 5th. Finally, Needham & Company LLC lifted their price target on shares of Twilio from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.44.

Twilio Stock Performance

Shares of NYSE TWLO opened at $120.17 on Friday. Twilio Inc. has a 12 month low of $77.51 and a 12 month high of $151.95. The company has a market cap of $18.44 billion, a P/E ratio of 293.10, a P/E/G ratio of 2.42 and a beta of 1.30. The business’s 50 day moving average is $132.23 and its two-hundred day moving average is $120.08. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.13.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.18. Twilio had a net margin of 1.37% and a return on equity of 3.36%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company posted $1.02 earnings per share. Twilio’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 13,336 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $134.28, for a total transaction of $1,790,758.08. Following the completion of the transaction, the chief executive officer owned 193,781 shares of the company’s stock, valued at approximately $26,020,912.68. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 7,213 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $135.97, for a total transaction of $980,751.61. Following the completion of the sale, the chief financial officer owned 112,236 shares of the company’s stock, valued at approximately $15,260,728.92. The trade was a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,043,438 shares of company stock valued at $135,022,770 in the last ninety days. Company insiders own 0.21% of the company’s stock.

About Twilio

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.