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

EverSource Wealth Advisors LLC lowered its position in Twilio Inc. (NYSE:TWLO) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,978 shares of the technology company’s stock after selling 288 shares during the period. EverSource Wealth Advisors LLC’s holdings in Twilio were worth $454,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TWLO. Principal Securities Inc. acquired a new stake in shares of Twilio during the fourth quarter worth $25,000. Truvestments Capital LLC boosted its stake in Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after buying an additional 247 shares during the last quarter. Blue Trust Inc. grew its holdings in Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after buying an additional 564 shares during the period. Friedenthal Financial acquired a new position in shares of Twilio during the 4th quarter valued at about $46,000. Finally, Fifth Third Bancorp purchased a new position in Twilio during the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling

In related news, insider Dana Wagner sold 796 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $49,105.24. Following the completion of the sale, the insider now directly owns 164,374 shares in the company, valued at approximately $10,140,232.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Aidan Viggiano sold 956 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $58,975.64. Following the transaction, the chief financial officer now owns 228,506 shares in the company, valued at approximately $14,096,535.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 796 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the completion of the sale, the insider now owns 164,374 shares of the company’s stock, valued at approximately $10,140,232.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,692 shares of company stock worth $1,714,597. Corporate insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TWLO shares. Robert W. Baird dropped their target price on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Sanford C. Bernstein reduced their target price on Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. UBS Group dropped their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Wells Fargo & Company reduced their target price on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $69.95.

Twilio Stock Down 0.9 %

Shares of NYSE TWLO traded down $0.52 during trading hours on Thursday, hitting $59.65. The stock had a trading volume of 379,997 shares, compared to its average volume of 3,132,992. The company has a market capitalization of $10.21 billion, a P/E ratio of -15.01, a P/E/G ratio of 10.20 and a beta of 1.33. The firm’s 50-day moving average price is $60.81 and its two-hundred day moving average price is $64.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16.

Twilio Company 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.