Fifth Third Bancorp Sells 1,973 Shares of Twilio Inc. (NYSE:TWLO)

Fifth Third Bancorp decreased its holdings in Twilio Inc. (NYSE:TWLOGet Rating) by 56.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,552 shares of the technology company’s stock after selling 1,973 shares during the period. Fifth Third Bancorp’s holdings in Twilio were worth $107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TWLO. Trust Co. of Vermont bought a new position in shares of Twilio in the 2nd quarter valued at $25,000. Activest Wealth Management increased its stake in shares of Twilio by 125.0% in the 3rd quarter. Activest Wealth Management now owns 450 shares of the technology company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Covestor Ltd increased its stake in shares of Twilio by 419.5% in the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after purchasing an additional 172 shares during the last quarter. Heritage Wealth Management LLC bought a new position in shares of Twilio in the 2nd quarter valued at $38,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of Twilio by 47.9% in the 2nd quarter. Harbor Investment Advisory LLC now owns 587 shares of the technology company’s stock valued at $49,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 78.68% of the company’s stock.

Twilio Stock Up 2.3 %

Shares of NYSE:TWLO opened at $52.72 on Friday. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of -7.26 and a beta of 1.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.74 and a quick ratio of 5.74. The business’s 50-day moving average is $48.17 and its 200-day moving average is $67.81. Twilio Inc. has a 1 year low of $41.00 and a 1 year high of $233.60.

Twilio (NYSE:TWLOGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The technology company reported ($1.33) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($1.33). Twilio had a negative return on equity of 8.20% and a negative net margin of 36.17%. The company had revenue of $983.03 million for the quarter, compared to the consensus estimate of $969.17 million. Equities research analysts predict that Twilio Inc. will post -3.83 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TWLO shares. KeyCorp decreased their price target on Twilio from $96.00 to $77.00 and set an “overweight” rating on the stock in a research note on Monday, November 7th. Cowen lowered Twilio from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $100.00 to $65.00 in a research report on Friday, November 4th. Credit Suisse Group began coverage on Twilio in a research report on Friday, September 23rd. They set a “neutral” rating and a $80.00 price objective on the stock. Wells Fargo & Company lowered Twilio from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $140.00 to $60.00 in a research report on Friday, November 4th. They noted that the move was a valuation call. Finally, Royal Bank of Canada lowered Twilio from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $110.00 to $55.00 in a research report on Friday, November 4th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $99.71.

Insider Buying and Selling

In related news, insider Dana Wagner sold 1,869 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $55.47, for a total transaction of $103,673.43. Following the transaction, the insider now directly owns 76,552 shares of the company’s stock, valued at approximately $4,246,339.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Dana Wagner sold 1,869 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $55.47, for a total transaction of $103,673.43. Following the transaction, the insider now directly owns 76,552 shares of the company’s stock, valued at approximately $4,246,339.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eyal Manor sold 397 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $66.27, for a total value of $26,309.19. Following the transaction, the insider now directly owns 155,687 shares in the company, valued at $10,317,377.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,969 shares of company stock valued at $332,053. 4.96% of the stock is owned by company insiders.

Twilio Company Profile

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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