Lecap Asset Management Ltd. Sells 17,824 Shares of Twilio Inc. (NYSE:TWLO)

Lecap Asset Management Ltd. decreased its holdings in Twilio Inc. (NYSE:TWLO) by 37.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,554 shares of the technology company’s stock after selling 17,824 shares during the period. Twilio comprises approximately 0.9% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 15th biggest holding. Lecap Asset Management Ltd.’s holdings in Twilio were worth $3,194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. True Wealth Design LLC raised its position in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Brooklyn Investment Group bought a new position in Twilio in the third quarter worth about $46,000. Venturi Wealth Management LLC lifted its position in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after buying an additional 493 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after buying an additional 532 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Twilio by 15,540.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock worth $85,000 after buying an additional 777 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

TWLO opened at $147.22 on Friday. The stock has a market cap of $22.58 billion, a P/E ratio of -57.28, a P/E/G ratio of 3.58 and a beta of 1.42. 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 firm has a fifty day moving average price of $116.32 and a 200 day moving average price of $86.30. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,015 shares of company stock worth $2,483,695. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TWLO shares. UBS Group increased their target price on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Jefferies Financial Group increased their price objective on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the company from $115.00 to $160.00 in a research report on Friday, January 24th. Northland Securities raised their price target on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Mizuho upped their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.25.

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.