Twilio Inc. (NYSE:TWLO) Stock Holdings Lowered by Strategic Global Advisors LLC

Strategic Global Advisors LLC cut its holdings in shares of Twilio Inc. (NYSE:TWLO) by 30.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,485 shares of the technology company’s stock after selling 7,209 shares during the period. Strategic Global Advisors LLC’s holdings in Twilio were worth $1,782,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TWLO. Oak Thistle LLC bought a new stake in shares of Twilio during the 4th quarter worth $233,000. Assenagon Asset Management S.A. boosted its position in shares of Twilio by 72.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 13,266 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 5,572 shares during the period. Gateway Investment Advisers LLC increased its stake in Twilio by 7.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 32,948 shares of the technology company’s stock worth $3,561,000 after purchasing an additional 2,183 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Twilio during the 4th quarter worth about $344,000. Finally, Merit Financial Group LLC acquired a new stake in Twilio during the 4th quarter worth about $374,000. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TWLO shares. Jefferies Financial Group dropped their target price on shares of Twilio from $145.00 to $108.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group raised their price objective on shares of Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. Finally, Robert W. Baird lowered their price target on Twilio from $160.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.41.

Twilio Price Performance

Shares of TWLO opened at $116.19 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market cap of $17.73 billion, a PE ratio of -181.54, a PEG ratio of 4.30 and a beta of 1.44. The firm’s 50 day moving average price is $96.78 and its 200 day moving average price is $107.77. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

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

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 14,545 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the transaction, the chief executive officer now owns 280,589 shares of the company’s stock, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on 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 $18,990,140.69. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,751 shares of company stock worth $4,476,830 over the last 90 days. 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.