Charles Schwab Investment Management Inc. Has $132.87 Million Holdings in Twilio Inc. (NYSE:TWLO)

Charles Schwab Investment Management Inc. decreased its stake in shares of Twilio Inc. (NYSE:TWLO) by 1.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,229,377 shares of the technology company’s stock after selling 21,384 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Twilio were worth $132,871,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC increased its holdings in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 266 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Twilio during the 4th quarter valued at about $44,000. True Wealth Design LLC increased its holdings 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 acquiring an additional 416 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TWLO. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. Needham & Company LLC raised their target price on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Tigress Financial raised their target price on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a report on Friday, February 14th. One 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 stock. According to MarketBeat, Twilio currently has an average rating of “Moderate Buy” and a consensus target price of $134.26.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is currently owned by insiders.

Twilio Price Performance

Twilio stock opened at $106.08 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market capitalization of $16.27 billion, a PE ratio of -165.75, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The business has a 50 day simple moving average of $123.26 and a 200 day simple moving average of $96.15.

Twilio (NYSE:TWLO) last issued its quarterly earnings data 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.