Twilio Inc. $TWLO Stock: Ritholtz Wealth Management Cuts Stake

Ritholtz Wealth Management lessened its holdings in Twilio Inc. (NYSE:TWLO) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,806 shares of the technology company’s stock after selling 3,315 shares during the period. Ritholtz Wealth Management’s holdings in Twilio were worth $4,330,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its position in Twilio by 10.8% during the first quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company’s stock worth $410,330,000 after buying an additional 316,858 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Twilio by 21.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 997,501 shares of the technology company’s stock valued at $300,517,000 after buying an additional 173,467 shares in the last quarter. Artemis Investment Management LLP raised its holdings in Twilio by 58.9% during the third quarter. Artemis Investment Management LLP now owns 588,018 shares of the technology company’s stock valued at $171,972,000 after buying an additional 217,952 shares in the last quarter. Atreides Management LP raised its holdings in Twilio by 28.5% during the first quarter. Atreides Management LP now owns 921,602 shares of the technology company’s stock valued at $115,956,000 after buying an additional 204,656 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Twilio by 1.4% in the first quarter. KBC Group NV now owns 790,548 shares of the technology company’s stock worth $99,466,000 after buying an additional 11,014 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Stock Performance

TWLO opened at $212.56 on Friday. The stock’s 50 day simple moving average is $252.98 and its 200-day simple moving average is $192.00. The stock has a market cap of $32.89 billion, a PE ratio of 26.74, a P/E/G ratio of 4.26 and a beta of 1.49. Twilio Inc. has a 1 year low of $105.00 and a 1 year high of $308.40. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.18. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Twilio had a net margin of 21.82% and a return on equity of 5.58%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. Sell-side analysts forecast that Twilio Inc. will post 3.29 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Monness Crespi & Hardt upped their price target on Twilio from $246.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Bank of America raised their price objective on Twilio from $270.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price objective on shares of Twilio in a research note on Friday, August 7th. Oppenheimer boosted their target price on Twilio from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Finally, Mizuho set a $270.00 target price on Twilio in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $269.48.

Insider Activity

In related news, CFO Aidan Viggiano sold 9,084 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the completion of the sale, the chief financial officer owned 99,246 shares in the company, valued at $29,242,833.90. This trade represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of Twilio stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $291.03, for a total transaction of $4,203,055.26. Following the completion of the transaction, the chief executive officer owned 178,863 shares of the company’s stock, valued at $52,054,498.89. This trade represents a 7.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 38,818 shares of company stock worth $11,293,645. 0.21% of the stock is owned by insiders.

Twilio Company Profile

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.