Carolina Wealth Advisors LLC Lowers Position in Twilio Inc. (NYSE:TWLO)

Carolina Wealth Advisors LLC trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,819 shares of the technology company’s stock after selling 807 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Twilio were worth $575,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TWLO. Allspring Global Investments Holdings LLC raised its holdings in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after purchasing an additional 398,872 shares in the last quarter. Raymond James & Associates boosted its stake in Twilio by 235.4% during the third quarter. Raymond James & Associates now owns 77,386 shares of the technology company’s stock worth $5,047,000 after acquiring an additional 54,310 shares in the last quarter. Probity Advisors Inc. bought a new stake in Twilio during the third quarter worth about $234,000. Creative Planning increased its position in Twilio by 15.4% during the 3rd quarter. Creative Planning now owns 32,451 shares of the technology company’s stock valued at $2,116,000 after buying an additional 4,322 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Twilio by 450.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the technology company’s stock valued at $72,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price target on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Tigress Financial increased their price target on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised their price target on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.52.

Twilio Trading Down 0.6 %

Shares of NYSE:TWLO traded down $0.39 during trading on Monday, hitting $70.46. The company had a trading volume of 497,103 shares, compared to its average volume of 2,625,905. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of -21.46, a price-to-earnings-growth ratio of 4.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The company has a fifty day simple moving average of $63.26 and a two-hundred day simple moving average of $60.25. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. Twilio’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.23) earnings per share. As a group, equities analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Dana Wagner sold 1,989 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares in the company, valued at approximately $9,548,236.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,906 shares of company stock valued at $3,388,596 in the last quarter. 4.50% of the stock is owned by insiders.

About Twilio

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.