abrdn plc Sells 34,361 Shares of Twilio Inc. (NYSE:TWLO)

abrdn plc cut its holdings in Twilio Inc. (NYSE:TWLO) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,710 shares of the technology company’s stock after selling 34,361 shares during the period. abrdn plc owned about 0.16% of Twilio worth $26,255,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TWLO. FMR LLC lifted its stake in Twilio by 0.8% in the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after purchasing an additional 77,436 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Twilio by 18.3% in the third 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 during the last quarter. Geode Capital Management LLC lifted its stake in Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Twilio by 258.4% in the third 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 last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Twilio by 0.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after purchasing an additional 4,061 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

TWLO stock opened at $146.93 on Thursday. The firm has a 50 day moving average price of $115.44 and a 200-day moving average price of $85.88. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of -57.17, a PEG ratio of 3.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,015 shares of company stock worth $2,483,695. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on TWLO shares. 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. Scotiabank increased their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Piper Sandler restated an “overweight” rating and set a $142.00 target price (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Tigress Financial increased their target price on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

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.