Amalgamated Bank Has $933,000 Position in Twilio Inc. (NYSE:TWLO)

Amalgamated Bank decreased its holdings in Twilio Inc. (NYSE:TWLO) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,637 shares of the technology company’s stock after selling 1,064 shares during the quarter. Amalgamated Bank’s holdings in Twilio were worth $933,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. True Wealth Design LLC increased its stake in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Twilio in the 4th quarter worth approximately $44,000. Brooklyn Investment Group bought a new position in shares of Twilio during the 3rd quarter worth approximately $46,000. Finally, Venturi Wealth Management LLC boosted 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. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,906 shares of company stock valued at $2,950,514. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Scotiabank increased their price objective on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Morgan Stanley upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a report on Friday. Finally, Tigress Financial boosted their target price on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Twilio Stock Down 3.0 %

Shares of Twilio stock opened at $116.39 on Tuesday. The business has a fifty day simple moving average of $123.20 and a 200 day simple moving average of $95.22. The stock has a market cap of $17.85 billion, a PE ratio of -181.86, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

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). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

About Twilio

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.