Twilio Inc. (NYSE:TWLO) Shares Bought by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC lifted its stake in Twilio Inc. (NYSE:TWLO) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,027 shares of the technology company’s stock after buying an additional 208 shares during the quarter. Twilio makes up 0.5% of Carolina Wealth Advisors LLC’s holdings, making the stock its 24th largest position. Carolina Wealth Advisors LLC’s holdings in Twilio were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. True Wealth Design LLC lifted its position in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Twilio during the third quarter worth about $46,000. Venturi Wealth Management LLC lifted its stake in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after buying an additional 493 shares in the last quarter. Huntington National Bank boosted its stake in shares of Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp purchased a new position in Twilio in the 3rd quarter valued at $53,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the 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 transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TWLO shares. JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Friday, November 15th. Wells Fargo & Company lifted their price objective on Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 2nd. Stifel Nicolaus upped their target price on Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, December 18th. Finally, TD Cowen boosted their price target on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.61.

Twilio Stock Performance

Shares of Twilio stock opened at $112.49 on Thursday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. 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 of $105.85 and a 200 day moving average of $78.25.

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.