Vestcor Inc Sells 1,025 Shares of Twilio Inc. (NYSE:TWLO)

Vestcor Inc reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 25.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,978 shares of the technology company’s stock after selling 1,025 shares during the period. Vestcor Inc’s holdings in Twilio were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. grew its holdings in Twilio by 117.9% during the 4th quarter. Rakuten Securities Inc. now owns 1,510 shares of the technology company’s stock worth $163,000 after acquiring an additional 817 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Twilio by 58.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,429 shares of the technology company’s stock worth $1,559,000 after purchasing an additional 5,302 shares during the period. Truvestments Capital LLC grew its stake in shares of Twilio by 3.7% in the fourth quarter. Truvestments Capital LLC now owns 10,054 shares of the technology company’s stock worth $1,087,000 after purchasing an additional 360 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Twilio by 61.7% in the fourth quarter. Farther Finance Advisors LLC now owns 883 shares of the technology company’s stock valued at $95,000 after purchasing an additional 337 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Twilio by 13.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,720 shares of the technology company’s stock worth $186,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TWLO shares. Stifel Nicolaus increased their price target on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. JMP Securities restated a “market outperform” rating and set a $165.00 price target on shares of Twilio in a report on Friday, February 14th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $115.00 to $160.00 in a research note on Friday, January 24th. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Tigress Financial upped their price target on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Price Performance

TWLO opened at $100.46 on Tuesday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market capitalization of $15.33 billion, a price-to-earnings ratio of -156.97, a P/E/G ratio of 4.30 and a beta of 1.47. The firm’s fifty day moving average price is $121.97 and its two-hundred day moving average price is $98.27.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.