River Global Investors LLP Sells 163 Shares of Twilio Inc. (NYSE:TWLO)

River Global Investors LLP cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. TCG Advisory Services LLC bought a new position in Twilio during the 4th quarter valued at $230,000. Vestmark Advisory Solutions Inc. bought a new position in Twilio during the 4th quarter valued at $9,786,000. Los Angeles Capital Management LLC bought a new position in Twilio during the 4th quarter valued at $2,017,000. First Trust Direct Indexing L.P. lifted its stake in Twilio by 6.9% during the 4th quarter. First Trust Direct Indexing L.P. now owns 6,946 shares of the technology company’s stock valued at $527,000 after acquiring an additional 447 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Twilio by 3.1% during the 4th quarter. New York Life Investment Management LLC now owns 22,802 shares of the technology company’s stock valued at $1,730,000 after acquiring an additional 683 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Oppenheimer reiterated an “outperform” rating and set a $75.00 target price on shares of Twilio in a research note on Wednesday, April 17th. Stifel Nicolaus lowered their target price on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Wells Fargo & Company lowered their target price on Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 6th. StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group lifted their target price on Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Twilio has a consensus rating of “Hold” and an average target price of $68.90.

Twilio Price Performance

TWLO stock traded up $0.37 during mid-day trading on Friday, reaching $61.89. 2,243,789 shares of the company traded hands, compared to its average volume of 2,052,078. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The company has a market capitalization of $11.20 billion, a P/E ratio of -11.17 and a beta of 1.33. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $78.16. The company has a fifty day moving average price of $60.50 and a 200-day moving average price of $64.25.

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

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 458 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the transaction, the insider now owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock valued at $1,910,447 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

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.