Empower Advisory Group LLC Has $2.75 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

Empower Advisory Group LLC trimmed its position in Twilio Inc. (NYSE:TWLO) by 97.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,399 shares of the technology company’s stock after selling 1,037,668 shares during the quarter. Empower Advisory Group LLC’s holdings in Twilio were worth $2,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after buying an additional 94 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after acquiring an additional 104 shares during the period. Tidal Investments LLC lifted its position in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares during the period. Covestor Ltd lifted its position in shares of Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after acquiring an additional 170 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,015 shares of company stock valued at $2,483,695. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of recent analyst reports. Monness Crespi & Hardt upped their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Scotiabank upped their target price on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and upped their target price for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. Northland Securities raised their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus raised their target price on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.91.

Twilio Stock Performance

Shares of TWLO opened at $125.43 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $19.24 billion, a P/E ratio of -48.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. The firm’s fifty day simple moving average is $121.50 and its two-hundred day simple moving average is $91.13. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.85%. As a group, analysts predict that Twilio Inc. will post 0.88 EPS for the current year.

Twilio 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.