Mitsubishi UFJ Trust & Banking Corp Sells 89,616 Shares of Twilio Inc. (NYSE:TWLO)

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 45.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 107,840 shares of the technology company's stock after selling 89,616 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Twilio worth $11,655,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TWLO. Ritholtz Wealth Management purchased a new position in Twilio during the fourth quarter valued at $344,000. Bleakley Financial Group LLC purchased a new position in Twilio in the 4th quarter valued at $230,000. Zacks Investment Management acquired a new stake in Twilio during the 3rd quarter worth $3,386,000. Aigen Investment Management LP grew its holdings in shares of Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after buying an additional 5,188 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Twilio by 151.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock worth $2,820,000 after purchasing an additional 26,062 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 10.2 %

Shares of NYSE TWLO traded down $10.24 during mid-day trading on Thursday, hitting $90.12. 1,091,960 shares of the company traded hands, compared to its average volume of 2,616,016. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The business has a 50 day moving average of $119.72 and a two-hundred day moving average of $101.51. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of -140.82, 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.

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Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) 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 analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on TWLO shares. Monness Crespi & Hardt lifted their price target on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Jefferies Financial Group increased their price objective on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company upped their price target on Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Tigress Financial upped their target price on shares of Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, UBS Group upped their price target on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio has an average rating of "Moderate Buy" and a consensus price target of $135.35.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 7,524 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,857 shares of company stock valued at $4,318,654 over the last ninety days. 4.50% of the stock is owned by company insiders.

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.