iA Global Asset Management Inc. Sells 6,179 Shares of Twilio Inc. (NYSE:TWLO)

iA Global Asset Management Inc. lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 71.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,513 shares of the technology company's stock after selling 6,179 shares during the period. iA Global Asset Management Inc.'s holdings in Twilio were worth $272,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its stake 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 buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio during the fourth quarter worth $44,000. True Wealth Design LLC boosted its position in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after purchasing an additional 416 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in Twilio by 395.6% in the 4th 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 during the period. 84.27% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reissued an "underperform" rating and issued a $75.00 price target on shares of Twilio in a report on Wednesday, March 19th. William Blair reissued an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Barclays lifted their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Stifel Nicolaus increased their price objective on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. Finally, Scotiabank upped their price target on Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock valued at $2,441,324 over the last 90 days. 4.50% of the stock is owned by insiders.

Twilio Price Performance

Shares of TWLO traded down $2.40 during trading hours on Thursday, reaching $101.80. 1,073,077 shares of the company's stock traded hands, compared to its average volume of 2,610,017. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. 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 stock has a market cap of $15.54 billion, a PE ratio of -159.06, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The firm's 50 day simple moving average is $121.07 and its 200-day simple moving average is $100.08.

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

Twilio 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.