Vontobel Holding Ltd. Sells 19,074 Shares of Twilio Inc. (NYSE:TWLO)

Vontobel Holding Ltd. cut its holdings in Twilio Inc. (NYSE:TWLO) by 20.9% in the fourth quarter, HoldingsChannel reports. The firm owned 72,406 shares of the technology company’s stock after selling 19,074 shares during the period. Vontobel Holding Ltd.’s holdings in Twilio were worth $5,493,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TWLO. Geneos Wealth Management Inc. lifted its position in Twilio by 18.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock worth $114,000 after acquiring an additional 109 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its position in Twilio by 8.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock worth $285,000 after acquiring an additional 133 shares during the last quarter. Covestor Ltd lifted its position in Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after acquiring an additional 172 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its position in Twilio by 4.0% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after acquiring an additional 181 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Twilio by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock worth $4,229,000 after acquiring an additional 194 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 458 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Dana Wagner sold 458 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at $9,567,858.24. 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 10,961 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares in the company, valued at $20,874,561.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,958 shares of company stock valued at $1,910,447. 4.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TWLO. Piper Sandler raised shares of Twilio from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $82.00 in a research report on Friday, January 12th. Robert W. Baird upped their price objective on shares of Twilio from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Jefferies Financial Group cut their price objective on shares of Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Barclays upped their price objective on shares of Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $68.90.

Twilio Trading Down 0.7 %

NYSE:TWLO opened at $58.73 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16. The firm has a 50-day moving average price of $61.26 and a 200 day moving average price of $63.92.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. Equities research analysts predict that Twilio Inc. will post -0.11 earnings per share for the current 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.