Empower Advisory Group LLC Has $2.75 Million Holdings in Twilio Inc. (NYSE:TWLO)

Empower Advisory Group LLC lessened its holdings in Twilio Inc. (NYSE:TWLO) by 97.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,399 shares of the technology company’s stock after selling 1,037,668 shares during the period. Empower Advisory Group LLC’s holdings in Twilio were worth $2,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after acquiring an additional 94 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after acquiring an additional 104 shares during the last quarter. Tidal Investments LLC increased its stake in Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after buying an additional 112 shares during the last quarter. Covestor Ltd increased its stake in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after buying an additional 148 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Twilio by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Up 0.2 %

TWLO opened at $125.43 on Wednesday. The company has a 50 day moving average of $121.50 and a 200 day moving average of $91.13. The company has a market cap of $19.24 billion, a PE ratio of -48.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. 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 (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. On average, sell-side analysts expect that Twilio Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on TWLO. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a research note on Tuesday, January 21st. TD Cowen increased their price objective on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Monness Crespi & Hardt increased their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northland Securities increased their price objective on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, JMP Securities reissued a “market outperform” rating and set a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.91.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction on 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 approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were 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 in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock worth $2,483,695 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

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.