Twilio Inc. (NYSE:TWLO) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in Twilio Inc. (NYSE:TWLO) by 90.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,280 shares of the technology company’s stock after selling 562,111 shares during the quarter. Voya Investment Management LLC’s holdings in Twilio were worth $6,623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. M&T Bank Corp raised its stake in shares of Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $943,000 after buying an additional 85 shares in the last quarter. Allworth Financial LP grew its holdings in Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after acquiring an additional 94 shares during the period. GHP Investment Advisors Inc. raised its position in Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after acquiring an additional 104 shares in the last quarter. Tidal Investments LLC lifted its holdings in Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares during the last quarter. Finally, Freestone Capital Holdings LLC boosted its position in shares of Twilio by 3.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock valued at $423,000 after purchasing an additional 124 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Up 0.8 %

Twilio stock opened at $96.46 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The firm’s fifty day simple moving average is $98.42 and its 200-day simple moving average is $104.54. The company has a market capitalization of $14.72 billion, a P/E ratio of -150.72, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during 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%. Sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TWLO has been the topic of a number of research reports. Royal Bank of Canada reiterated an “underperform” rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, March 19th. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Oppenheimer lifted their target price on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped 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. Finally, UBS Group lifted their price target on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.96.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares of the company’s stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

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.