Farmers Trust Co. Lowers Stock Holdings in Twilio Inc. (NYSE:TWLO)

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

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley increased their target price on Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Mizuho upgraded Twilio from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $85.00 to $140.00 in a research note on Wednesday. Piper Sandler increased their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Finally, Oppenheimer upped their target price on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $93.61.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. 1,931,699 shares of the company were exchanged, compared to its average volume of 1,721,837. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $16.98 billion, a PE ratio of -43.07, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $116.43. The stock’s 50-day moving average is $103.17 and its 200-day moving average is $76.36.

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.