River Global Investors LLP Trims Holdings in Twilio Inc. (NYSE:TWLO)

River Global Investors LLP lowered its position in shares of Twilio Inc. (NYSE:TWLO) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,473 shares of the technology company’s stock after selling 163 shares during the period. River Global Investors LLP’s holdings in Twilio were worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Truvestments Capital LLC lifted its stake in shares of Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after buying an additional 247 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after acquiring an additional 564 shares during the period. Friedenthal Financial purchased a new stake in shares of Twilio during the fourth quarter worth about $46,000. Fifth Third Bancorp bought a new stake in Twilio during the 4th quarter valued at approximately $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Twilio during the 4th quarter valued at approximately $57,000. 84.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 3,375 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total value of $205,166.25. Following the sale, the chief financial officer now owns 231,036 shares in the company, valued at $14,044,678.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Dana Wagner sold 458 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $25,515.18. Following the transaction, the insider now owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 3,375 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total value of $205,166.25. Following the transaction, the chief financial officer now directly owns 231,036 shares in the company, valued at approximately $14,044,678.44. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock worth $1,910,447 over the last quarter. Company insiders own 4.20% of the company’s stock.

Twilio Trading Up 0.6 %

TWLO stock traded up $0.37 during midday trading on Friday, reaching $61.89. The company’s stock had a trading volume of 2,243,789 shares, compared to its average volume of 2,052,078. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The stock has a fifty day simple moving average of $60.50 and a two-hundred day simple moving average of $64.25. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $78.16. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of -11.17 and a beta of 1.33.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. On average, equities research analysts predict that Twilio Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TWLO. Robert W. Baird increased their price objective on shares of Twilio from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. TD Cowen cut their price objective on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 6th. The Goldman Sachs Group boosted their target price on Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus reduced their price objective on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.90.

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.