Twilio Inc. (NYSE:TWLO) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in shares of Twilio Inc. (NYSE:TWLO) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,415 shares of the technology company’s stock after selling 133 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Twilio were worth $1,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TWLO. Robeco Institutional Asset Management B.V. raised its holdings in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Twilio by 1,267.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company’s stock valued at $49,115,000 after purchasing an additional 421,199 shares in the last quarter. KBC Group NV raised its holdings in shares of Twilio by 1,138.4% in the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after purchasing an additional 258,469 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after purchasing an additional 193,971 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,629 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction on Monday, January 6th. The stock was 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 of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,906 shares of company stock valued at $2,950,514. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TWLO. JMP Securities restated a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. Oppenheimer increased their target price on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $144.00 to $160.00 in a research report on Monday, February 24th. Finally, Scotiabank increased their target price on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $134.26.

Twilio Stock Performance

Shares of TWLO opened at $119.91 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 quick ratio of 5.06 and a current ratio of 5.06. The company’s 50 day simple moving average is $123.07 and its 200 day simple moving average is $94.59. The company has a market capitalization of $18.39 billion, a price-to-earnings ratio of -187.36, a PEG ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

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.