Barclays PLC Decreases Stake in Twilio Inc. (NYSE:TWLO)

Barclays PLC reduced its position in shares of Twilio Inc. (NYSE:TWLOFree Report) by 26.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,753 shares of the technology company’s stock after selling 64,817 shares during the period. Barclays PLC owned about 0.10% of Twilio worth $10,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TWLO. Capital Advisors Ltd. LLC lifted its holdings in shares of Twilio by 1,644.0% during the second quarter. Capital Advisors Ltd. LLC now owns 436 shares of the technology company’s stock valued at $28,000 after purchasing an additional 411 shares during the last quarter. Optimum Investment Advisors lifted its stake in Twilio by 68.3% in the 3rd quarter. Optimum Investment Advisors now owns 505 shares of the technology company’s stock worth $30,000 after acquiring an additional 205 shares in the last quarter. RVW Wealth LLC purchased a new stake in Twilio in the 3rd quarter worth about $30,000. Covestor Ltd increased its position in Twilio by 419.5% in the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after purchasing an additional 172 shares during the last quarter. Finally, Quarry LP increased its position in Twilio by 328.2% in the 2nd quarter. Quarry LP now owns 561 shares of the technology company’s stock worth $36,000 after purchasing an additional 430 shares during the last quarter. 80.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TWLO. JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a report on Thursday, November 9th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Thursday, November 9th. Needham & Company LLC raised their target price on Twilio from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Wells Fargo & Company raised their price objective on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 5th. Finally, Piper Sandler upgraded Twilio from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $82.00 in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.00.

View Our Latest Report on TWLO

Insider Activity at Twilio

In other Twilio news, major shareholder Twilio Inc sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $0.57, for a total value of $2,850,000.00. Following the sale, the insider now owns 5,000,000 shares in the company, valued at $2,850,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Twilio Inc sold 5,000,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $0.57, for a total transaction of $2,850,000.00. Following the transaction, the insider now owns 5,000,000 shares in the company, valued at $2,850,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 754 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $68.05, for a total value of $51,309.70. Following the transaction, the insider now owns 132,122 shares in the company, valued at approximately $8,990,902.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,020,880 shares of company stock valued at $4,342,944. Insiders own 4.20% of the company’s stock.

Twilio Trading Down 0.1 %

TWLO stock opened at $69.10 on Wednesday. The business has a fifty day moving average of $72.29 and a 200-day moving average of $64.01. Twilio Inc. has a twelve month low of $45.02 and a twelve month high of $79.70. The company has a quick ratio of 6.53, a current ratio of 6.53 and a debt-to-equity ratio of 0.10. The company has a market cap of $12.51 billion, a P/E ratio of -14.49 and a beta of 1.41.

Twilio (NYSE:TWLOGet Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.29) EPS for the quarter, meeting the consensus estimate of ($0.29). Twilio had a negative return on equity of 3.06% and a negative net margin of 21.44%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $985.03 million. As a group, equities research analysts expect that Twilio Inc. will post -0.72 EPS for the current year.

Twilio Company Profile

(Free Report)

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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