Daiwa Securities Group Inc. Sells 625 Shares of Twilio Inc. (NYSE:TWLO)

Daiwa Securities Group Inc. decreased its position in Twilio Inc. (NYSE:TWLO) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,423 shares of the technology company’s stock after selling 625 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Twilio were worth $1,450,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% during 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 during the last quarter. JFS Wealth Advisors LLC grew its holdings in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of Twilio in the 4th quarter valued at about $44,000. Finally, Brooklyn Investment Group bought a new position in shares of Twilio in the 3rd quarter valued at about $46,000. Institutional investors own 84.27% of the company’s stock.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock worth $2,441,324 over the last ninety days. Insiders own 4.50% of the company’s stock.

Twilio Price Performance

NYSE TWLO opened at $98.90 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a market capitalization of $15.10 billion, a PE ratio of -154.53, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm’s 50 day moving average is $122.22 and its 200-day moving average is $97.75.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TWLO has been the topic of several recent research reports. Scotiabank raised their target price on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and issued a $142.00 target price (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. UBS Group raised their target price on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned 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 $134.26.

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.