J.P. Morgan Private Wealth Advisors LLC Sells 498 Shares of Twilio Inc. (NYSE:TWLO)

J.P. Morgan Private Wealth Advisors LLC trimmed its holdings in shares of Twilio Inc. (NYSE:TWLOFree Report) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,470 shares of the technology company’s stock after selling 498 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Twilio were worth $1,783,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Covestor Ltd increased its position in shares of Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after purchasing an additional 172 shares in the last quarter. Optimum Investment Advisors increased its position in shares of Twilio by 68.3% during the third quarter. Optimum Investment Advisors now owns 505 shares of the technology company’s stock worth $30,000 after purchasing an additional 205 shares in the last quarter. RVW Wealth LLC purchased a new stake in shares of Twilio during the third quarter worth approximately $30,000. Quarry LP increased its position in shares of Twilio by 328.2% during the second quarter. Quarry LP now owns 561 shares of the technology company’s stock worth $36,000 after purchasing an additional 430 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Twilio by 18.7% during the first quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock worth $114,000 after purchasing an additional 109 shares in the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Performance

TWLO opened at $71.60 on Friday. The stock’s 50-day moving average price is $72.57 and its 200 day moving average price is $64.19. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $79.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.53 and a quick ratio of 6.53.

Twilio (NYSE:TWLOGet Free Report) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $985.03 million. As a group, research analysts expect that Twilio Inc. will post -0.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on TWLO shares. JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research report on Thursday, November 9th. Needham & Company LLC upped 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. The Goldman Sachs Group upped their target price on Twilio from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Barclays upped their target price on Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, William Blair restated an “outperform” rating on shares of Twilio in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has an average rating of “Hold” and an average price target of $71.00.

Check Out Our Latest Stock Analysis on Twilio

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,581 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total transaction of $475,148.20. Following the transaction, the chief financial officer now owns 171,820 shares of the company’s stock, valued at approximately $12,405,404. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Aidan Viggiano sold 6,581 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total transaction of $475,148.20. Following the transaction, the chief financial officer now owns 171,820 shares of the company’s stock, valued at approximately $12,405,404. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Twilio Inc sold 5,000,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 5,000,000 shares in the company, valued at approximately $2,850,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,020,880 shares of company stock valued at $4,342,944. Corporate insiders own 4.20% of the company’s stock.

Twilio 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.

See Also

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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