Global Wealth Management Investment Advisory Inc. Sells 517 Shares of Twilio Inc. (NYSE:TWLO)

Global Wealth Management Investment Advisory Inc. cut its holdings in Twilio Inc. (NYSE:TWLO) by 33.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,010 shares of the technology company’s stock after selling 517 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Twilio were worth $77,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TWLO. Asset Management One Co. Ltd. raised its position in shares of Twilio by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock valued at $4,229,000 after purchasing an additional 194 shares during the period. Commonwealth Equity Services LLC increased its holdings in Twilio by 1.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 110,155 shares of the technology company’s stock valued at $6,447,000 after acquiring an additional 1,951 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Twilio by 5.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 39,892 shares of the technology company’s stock valued at $2,335,000 after acquiring an additional 2,200 shares during the last quarter. Raymond James & Associates increased its holdings in Twilio by 10.0% in the 3rd quarter. Raymond James & Associates now owns 41,632 shares of the technology company’s stock valued at $2,437,000 after acquiring an additional 3,786 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Twilio by 7.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 29,022 shares of the technology company’s stock valued at $1,699,000 after acquiring an additional 2,014 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

Twilio stock opened at $60.96 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $78.16. The firm has a 50-day moving average of $60.32 and a two-hundred day moving average of $64.14.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Equities analysts anticipate that Twilio Inc. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

TWLO has been the topic of a number of research reports. HSBC downgraded shares of Twilio from a “hold” rating to a “reduce” rating and reduced their price target for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a report on Wednesday, March 6th. Stifel Nicolaus reduced their price target on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. TD Cowen dropped their price target on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. Finally, Piper Sandler raised shares of Twilio from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $82.00 in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Twilio currently has a consensus rating of “Hold” and an average price target of $68.90.

Insider Activity

In other news, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares in the company, valued at approximately $20,874,561.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now owns 335,982 shares in the company, valued at approximately $20,874,561.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 1,666 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the transaction, the insider now owns 130,456 shares of the company’s stock, valued at approximately $8,208,291.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is currently owned by corporate insiders.

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.