Farmers Trust Co. Sells 2,439 Shares of Twilio Inc. (NYSE:TWLO)

Farmers Trust Co. cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,704 shares of the technology company’s stock after selling 2,439 shares during the quarter. Twilio comprises approximately 1.1% of Farmers Trust Co.’s portfolio, making the stock its 28th biggest position. Farmers Trust Co.’s holdings in Twilio were worth $5,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of TWLO. AQR Capital Management LLC lifted its stake in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after buying an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Twilio by 50,490.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after buying an additional 311,481 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 4,629 shares of the company’s 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 transaction, the insider now directly owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Twilio Price Performance

NYSE:TWLO traded up $0.87 during trading hours on Wednesday, reaching $110.69. The stock had a trading volume of 1,931,699 shares, compared to its average volume of 1,721,837. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market capitalization of $16.98 billion, a PE ratio of -43.07, a PEG ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $116.43. The company has a 50 day moving average price of $103.17 and a two-hundred day moving average price of $76.36.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TWLO. The Goldman Sachs Group boosted their target price on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. TD Cowen increased their price target on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Oppenheimer lifted their price objective on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC raised their target price on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Twilio has an average rating of “Hold” and a consensus target price of $93.61.

Twilio 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.