Vanguard Group Inc. Lowers Stock Position in Twilio Inc. (NYSE:TWLO)

Vanguard Group Inc. cut its position in shares of Twilio Inc. (NYSE:TWLO) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,207,678 shares of the technology company’s stock after selling 879,351 shares during the quarter. Vanguard Group Inc. owned approximately 9.92% of Twilio worth $1,643,646,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TWLO. Los Angeles Capital Management LLC boosted its stake 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 worth $49,115,000 after buying an additional 421,199 shares during the last quarter. KBC Group NV boosted its position in Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after purchasing an additional 258,469 shares during the last quarter. Raymond James Financial Inc. bought a new position in Twilio in the 4th quarter valued at $25,778,000. Franklin Resources Inc. increased its position in shares of Twilio by 2,412.9% during 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 during the last quarter. Finally, Amundi raised its stake in shares of Twilio by 53.4% during the 4th quarter. Amundi now owns 517,052 shares of the technology company’s stock worth $57,424,000 after purchasing an additional 179,899 shares during the period. 84.27% of the stock is owned by institutional investors.

Twilio Stock Down 2.3 %

TWLO stock opened at $101.80 on Friday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of -159.06, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. 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 company’s 50 day moving average is $120.82 and its 200 day moving average is $100.09.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on TWLO. Needham & Company LLC raised their price objective on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Mizuho increased their price objective on Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 6,552 shares of the 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 transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock valued at $2,441,324 over the last 90 days. Insiders own 4.50% of the company’s stock.

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.