Twilio Inc (TWLO) Holdings Trimmed by Evolution Wealth Advisors LLC

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Evolution Wealth Advisors LLC trimmed its position in Twilio Inc (NYSE:TWLO) by 34.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 692 shares of the technology company’s stock after selling 359 shares during the period. Evolution Wealth Advisors LLC’s holdings in Twilio were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Utah Retirement Systems raised its holdings in shares of Twilio by 0.8% during the fourth quarter. Utah Retirement Systems now owns 13,419 shares of the technology company’s stock worth $1,198,000 after purchasing an additional 100 shares during the last quarter. Calamos Wealth Management LLC raised its holdings in shares of Twilio by 0.3% during the first quarter. Calamos Wealth Management LLC now owns 39,327 shares of the technology company’s stock worth $5,080,000 after purchasing an additional 119 shares during the last quarter. Congress Park Capital LLC raised its holdings in shares of Twilio by 5.1% during the first quarter. Congress Park Capital LLC now owns 2,695 shares of the technology company’s stock worth $348,000 after purchasing an additional 130 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Twilio by 2.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,678 shares of the technology company’s stock worth $507,000 after purchasing an additional 149 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of Twilio by 3.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 5,360 shares of the technology company’s stock worth $479,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Shares of NYSE TWLO opened at $133.90 on Monday. Twilio Inc has a 52-week low of $51.82 and a 52-week high of $144.62. The stock has a market capitalization of $16.91 billion, a PE ratio of -167.38 and a beta of 1.31. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.40). The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $223.45 million. Twilio had a negative return on equity of 9.50% and a negative net margin of 17.87%. The business’s revenue was up 80.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Research analysts predict that Twilio Inc will post -1.4 earnings per share for the current fiscal year.

In other Twilio news, COO George Hu sold 8,527 shares of Twilio stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $139.50, for a total transaction of $1,189,516.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Karyn Smith sold 24,487 shares of Twilio stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $129.72, for a total transaction of $3,176,453.64. The disclosure for this sale can be found here. Insiders have sold 155,107 shares of company stock worth $20,315,428 over the last 90 days. 10.85% of the stock is currently owned by company insiders.

Several research analysts recently issued reports on TWLO shares. Argus raised their target price on shares of Twilio to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research raised shares of Twilio from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Wednesday, April 17th. Guggenheim assumed coverage on shares of Twilio in a report on Monday, March 11th. They issued a “buy” rating and a $140.00 price objective for the company. Deutsche Bank lifted their price objective on shares of Twilio from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, ValuEngine raised shares of Twilio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $138.36.

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Twilio Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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