Twilio Inc. (NYSE:TWLO) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC trimmed its holdings in Twilio Inc. (NYSE:TWLO) by 20.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,864 shares of the technology company’s stock after selling 1,539 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Twilio were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWLO. Tidal Investments LLC increased its stake in shares of Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 112 shares during the last quarter. Covestor Ltd raised its stake in Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares during the period. GAMMA Investing LLC raised its stake in Twilio by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the period. Metis Global Partners LLC grew its stake in shares of Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after buying an additional 182 shares during the period. Finally, Carolina Wealth Advisors LLC increased its holdings in shares of Twilio by 2.4% during the 4th quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after buying an additional 208 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Price Performance

Shares of NYSE:TWLO opened at $145.75 on Wednesday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a 50-day simple moving average of $114.62 and a 200-day simple moving average of $85.26.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,015 shares of company stock valued at $2,483,695. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. TD Cowen increased their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. Oppenheimer increased their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Scotiabank boosted their price target on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and a consensus target price of $119.25.

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.