Aviva PLC Trims Holdings in Twilio Inc. (NYSE:TWLO)

Aviva PLC lowered its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 66.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,696 shares of the technology company's stock after selling 187,478 shares during the period. Aviva PLC owned 0.06% of Twilio worth $10,019,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after buying an additional 2,864,235 shares during the period. Norges Bank acquired a new stake in Twilio during the 4th quarter valued at approximately $222,146,000. Schroder Investment Management Group raised its holdings in Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after purchasing an additional 509,153 shares during the last quarter. Los Angeles Capital Management LLC lifted its position 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 purchasing an additional 421,199 shares during the period. Finally, KBC Group NV boosted its stake 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 during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TWLO. Monness Crespi & Hardt lifted their target price on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Tigress Financial boosted their price objective on Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Scotiabank upped their target price on Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Oppenheimer lifted their target price on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Jefferies Financial Group increased their price target on Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.35.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 in the last three months. Company insiders own 4.50% of the company's stock.

Twilio Stock Performance

TWLO stock traded up $1.25 during midday trading on Monday, hitting $88.11. The company's stock had a trading volume of 190,660 shares, compared to its average volume of 2,636,603. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of -137.67, a PEG ratio of 4.30 and a beta of 1.50. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average price is $109.84 and its 200 day moving average price is $103.01. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly 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). 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 during the quarter, compared to analysts' expectations of $1.19 billion. On average, equities analysts forecast 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.