CANADA LIFE ASSURANCE Co Reduces Stake in Twilio Inc. (NYSE:TWLO)

CANADA LIFE ASSURANCE Co lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,582 shares of the technology company's stock after selling 60,383 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.17% of Twilio worth $28,384,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Twilio in the fourth quarter worth about $44,000. Private Trust Co. NA grew its position in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Twilio during the fourth quarter worth $75,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 2,500 shares of Twilio 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 sale, the chief financial officer now owns 184,164 shares of the company's stock, valued at $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares of the company's stock, 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 a total of 23,471 shares of company stock valued at $2,344,149 over the last three months. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Performance

NYSE TWLO traded up $3.23 on Wednesday, reaching $87.10. The stock had a trading volume of 1,942,687 shares, compared to its average volume of 2,635,049. 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 stock has a market cap of $13.29 billion, a P/E ratio of -136.09, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The business's 50-day moving average price is $101.36 and its 200 day moving average price is $103.69. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 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. As a group, equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TWLO shares. The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $77.00 to $185.00 in a report on Monday, January 27th. UBS Group boosted their target price on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a report on Friday, February 14th. JMP Securities reiterated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. Wells Fargo & Company cut their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Oppenheimer upped their price target on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $130.61.

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.