Twilio Inc. (NYSE:TWLO) Shares Sold by Adero Partners LLC

Adero Partners LLC decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,712 shares of the technology company’s stock after selling 94 shares during the quarter. Adero Partners LLC’s holdings in Twilio were worth $833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. True Wealth Design LLC raised its stake in Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group purchased a new position in shares of Twilio in the 3rd quarter worth $46,000. Venturi Wealth Management LLC boosted its holdings in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank grew its position in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after acquiring an additional 532 shares during the period. Finally, Planning Capital Management Corp acquired a new stake in Twilio during the third quarter worth about $53,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of TWLO stock opened at $146.93 on Thursday. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company’s 50-day simple moving average is $115.44 and its 200-day simple moving average is $85.88. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

Several research firms have recently weighed in on TWLO. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, January 24th. Stifel Nicolaus lifted their price target on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Needham & Company LLC increased their price objective on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Barclays lifted their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the company from $115.00 to $160.00 in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

Insider Buying and Selling at Twilio

In related news, insider Dana Wagner sold 4,629 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock worth $2,483,695 over the last quarter. 4.50% of the stock is owned by corporate insiders.

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.