Capital Investment Advisory Services LLC Sells 300 Shares of Twilio Inc. (NYSE:TWLO)

Capital Investment Advisory Services LLC lessened its position in Twilio Inc. (NYSE:TWLO) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,826 shares of the technology company’s stock after selling 300 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Twilio were worth $414,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TWLO. Sei Investments Co. boosted its position in shares of Twilio by 5.2% during the second quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after buying an additional 929 shares during the period. Mackenzie Financial Corp boosted its holdings in Twilio by 19.0% during the 2nd quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock valued at $1,307,000 after acquiring an additional 3,680 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Twilio by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock valued at $1,942,000 after acquiring an additional 768 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Twilio in the second quarter worth $918,000. Finally, SG Americas Securities LLC bought a new stake in shares of Twilio during the third quarter worth $1,274,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Oppenheimer raised their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Needham & Company LLC boosted their price target on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday. Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Tigress Financial upped their target price on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,015 shares of company stock worth $2,483,695. Insiders own 4.50% of the company’s stock.

Twilio Stock Down 1.2 %

Shares of TWLO stock opened at $146.58 on Friday. The stock’s fifty day moving average price is $112.95 and its 200 day moving average price is $83.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

About Twilio

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.