Swiss National Bank Trims Stock Holdings in Twilio Inc. (NYSE:TWLO)

Swiss National Bank trimmed its holdings in Twilio Inc. (NYSE:TWLO) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,000 shares of the technology company’s stock after selling 51,600 shares during the period. Swiss National Bank owned approximately 0.28% of Twilio worth $46,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC boosted its holdings in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC bought a new position in Twilio in the 4th quarter valued at $44,000. Finally, Brooklyn Investment Group bought a new position in Twilio in the 3rd quarter valued at $46,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at $21,630,061.80. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated 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 approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $144.00 to $160.00 in a report on Monday, February 24th. Wells Fargo & Company upped their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Finally, Stifel Nicolaus upped their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Stock Performance

Twilio stock opened at $98.90 on Monday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $122.22 and a 200-day moving average of $98.00. The firm has a market cap of $15.10 billion, a P/E ratio of -154.53, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Sell-side analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

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.