Twilio Inc. (NYSE:TWLO) Holdings Lowered by Amalgamated Bank

Amalgamated Bank lowered its stake in Twilio Inc. (NYSE:TWLO) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,637 shares of the technology company’s stock after selling 1,064 shares during the quarter. Amalgamated Bank’s holdings in Twilio were worth $933,000 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. JFS Wealth Advisors LLC boosted its holdings in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 266 shares during the period. Centricity Wealth Management LLC purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $44,000. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group purchased a new position in Twilio during the 3rd quarter worth approximately $46,000. Finally, Venturi Wealth Management LLC raised its stake in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 3.0 %

Shares of Twilio stock opened at $116.39 on Tuesday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The stock has a market capitalization of $17.85 billion, a P/E ratio of -181.86, a PEG ratio of 4.30 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $123.20 and a two-hundred day moving average price of $95.22.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,906 shares of company stock valued at $2,950,514. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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 report on Friday, January 24th. Stifel Nicolaus raised their price objective on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. JMP Securities reiterated a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and raised their price target for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Finally, Oppenheimer boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.26.

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.