Twilio Inc. (NYSE:TWLO) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lessened its holdings in shares of Twilio Inc. (NYSE:TWLO) by 6.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,860 shares of the technology company’s stock after selling 1,253 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Twilio were worth $2,061,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TWLO. Arrowstreet Capital Limited Partnership increased its position in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new position in Twilio in the 4th quarter worth approximately $301,258,000. Norges Bank purchased a new position in Twilio in the 4th quarter worth approximately $222,146,000. Altimeter Capital Management LP purchased a new position in Twilio in the 4th quarter worth approximately $63,001,000. Finally, Renaissance Technologies LLC purchased a new position in Twilio in the 4th quarter worth approximately $62,999,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TWLO. Stifel Nicolaus upped their price target on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Mizuho reduced their target price on Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group reduced their target price on Twilio from $145.00 to $108.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Twilio in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.41.

Twilio Price Performance

Shares of NYSE TWLO opened at $116.19 on Friday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. 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 business’s fifty day moving average price is $96.78 and its two-hundred day moving average price is $107.77. The firm has a market capitalization of $17.73 billion, a PE ratio of -181.54, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at $25,704,758.29. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,751 shares of company stock valued at $4,476,830 over the last three months. Company insiders own 0.21% of the company’s stock.

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.