Empirical Financial Services LLC d.b.a. Empirical Wealth Management Reduces Stock Holdings in Twilio Inc. (NYSE:TWLO)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 43.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,003 shares of the technology company’s stock after selling 7,614 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Twilio were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Truvestments Capital LLC lifted its stake in shares of Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after buying an additional 247 shares in the last quarter. Blue Trust Inc. raised its holdings in Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after acquiring an additional 564 shares during the period. Friedenthal Financial bought a new position in shares of Twilio in the fourth quarter worth $46,000. Fifth Third Bancorp bought a new position in shares of Twilio in the fourth quarter worth $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Twilio in the fourth quarter valued at $57,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the sale, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at $10,529,034.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 1,666 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the sale, the insider now directly owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,958 shares of company stock valued at $1,910,447. 4.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on TWLO. Jefferies Financial Group cut their target price on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. UBS Group cut their price objective on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Northland Securities lowered shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a report on Thursday, February 15th. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 target price on shares of Twilio in a research note on Wednesday, March 6th. Finally, Piper Sandler boosted their price target on shares of Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Twilio has a consensus rating of “Hold” and a consensus price target of $68.59.

Twilio Price Performance

Shares of TWLO stock opened at $58.61 on Thursday. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of -10.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The stock’s 50-day simple moving average is $60.72 and its 200-day simple moving average is $64.38. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. As a group, equities analysts forecast that Twilio Inc. will post -0.11 earnings per share for the current fiscal 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.