Park Avenue Securities LLC Has $353,000 Stake in Twilio Inc. (NYSE:TWLO)

Park Avenue Securities LLC lessened its holdings in Twilio Inc. (NYSE:TWLOGet Rating) by 59.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,111 shares of the technology company’s stock after selling 7,550 shares during the quarter. Park Avenue Securities LLC’s holdings in Twilio were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC boosted its stake in shares of Twilio by 17.3% in the 3rd quarter. Jennison Associates LLC now owns 612,785 shares of the technology company’s stock worth $42,368,000 after buying an additional 90,291 shares during the last quarter. WoodTrust Financial Corp bought a new stake in Twilio during the 3rd quarter valued at $453,000. Alta Advisers Ltd bought a new stake in Twilio during the 3rd quarter valued at $62,000. Comerica Bank raised its holdings in Twilio by 10.3% during the 3rd quarter. Comerica Bank now owns 8,138 shares of the technology company’s stock valued at $602,000 after acquiring an additional 757 shares during the period. Finally, Van ECK Associates Corp bought a new stake in Twilio during the 3rd quarter valued at $413,000. Hedge funds and other institutional investors own 78.68% of the company’s stock.

Insider Transactions at Twilio

In other news, COO Khozema Shipchandler sold 3,289 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $55.21, for a total transaction of $181,585.69. Following the completion of the sale, the chief operating officer now directly owns 76,563 shares in the company, valued at $4,227,043.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Khozema Shipchandler sold 3,289 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $55.21, for a total value of $181,585.69. Following the completion of the transaction, the chief operating officer now directly owns 76,563 shares of the company’s stock, valued at $4,227,043.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dana Wagner sold 1,869 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $55.47, for a total transaction of $103,673.43. Following the completion of the transaction, the insider now directly owns 76,552 shares of the company’s stock, valued at $4,246,339.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,986 shares of company stock worth $328,017. Company insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BTIG Research cut shares of Twilio from a “buy” rating to a “neutral” rating in a report on Friday, November 4th. Royal Bank of Canada cut shares of Twilio from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $110.00 to $55.00 in a report on Friday, November 4th. Oppenheimer decreased their price target on shares of Twilio from $110.00 to $75.00 in a report on Tuesday, January 3rd. Jefferies Financial Group cut shares of Twilio from a “buy” rating to a “hold” rating and decreased their price target for the stock from $110.00 to $50.00 in a report on Sunday, November 27th. Finally, JMP Securities decreased their price target on shares of Twilio from $175.00 to $110.00 and set a “market outperform” rating on the stock in a report on Friday, November 4th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.36.

Twilio Stock Up 4.1 %

Twilio stock opened at $54.26 on Monday. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $48.99 and a 200-day moving average of $66.03. Twilio Inc. has a 1-year low of $41.00 and a 1-year high of $233.60.

Twilio (NYSE:TWLOGet Rating) last posted its earnings results on Thursday, November 3rd. The technology company reported ($1.33) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.33). The company had revenue of $983.03 million during the quarter, compared to analyst estimates of $969.17 million. Twilio had a negative net margin of 36.17% and a negative return on equity of 8.20%. On average, equities analysts expect that Twilio Inc. will post -3.83 earnings per share for the current fiscal year.

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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