Washington Capital Management Inc. Reduces Position in Twilio Inc. (NYSE:TWLO)

Washington Capital Management Inc. reduced its holdings in Twilio Inc. (NYSE:TWLO) by 44.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,400 shares of the technology company’s stock after selling 4,400 shares during the period. Washington Capital Management Inc.’s holdings in Twilio were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in shares of Twilio by 5.2% during the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after purchasing an additional 929 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Twilio during the second quarter worth $716,000. Mackenzie Financial Corp grew its holdings in Twilio by 19.0% in the 2nd quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock valued at $1,307,000 after buying an additional 3,680 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Twilio by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock worth $1,942,000 after acquiring an additional 768 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Twilio during the 2nd quarter worth $918,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TWLO has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. TD Cowen raised their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company upped their price target on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

Twilio Price Performance

Twilio stock opened at $146.32 on Thursday. The company has a fifty day simple moving average of $111.06 and a 200-day simple moving average of $82.78. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $148.37.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,015 shares of company stock valued at $2,483,695 in the last ninety days. Insiders own 4.50% of the company’s stock.

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.