Twilio Inc. (NYSE:TWLO) Position Reduced by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,830 shares of the technology company's stock after selling 5,760 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Twilio were worth $4,737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock valued at $177,622,000 after buying an additional 33,824 shares in the last quarter. Norges Bank purchased a new position in Twilio in the 4th quarter valued at $222,146,000. Bank of New York Mellon Corp boosted its holdings in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after acquiring an additional 99,786 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Twilio by 0.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock worth $56,541,000 after purchasing an additional 4,061 shares during the period. Finally, Amundi raised its position in Twilio by 53.4% in the fourth quarter. Amundi now owns 517,052 shares of the technology company's stock worth $57,424,000 after acquiring an additional 179,899 shares in 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 equities analysts have issued reports on TWLO shares. JMP Securities restated a "market outperform" rating and set a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. Morgan Stanley upgraded Twilio from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Scotiabank raised their target price on shares of Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Royal Bank of Canada reissued an "underperform" rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, March 19th. Finally, Piper Sandler reissued an "overweight" rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $135.35.

Twilio Stock Down 6.8 %

NYSE TWLO traded down $6.13 on Friday, hitting $83.40. 3,441,003 shares of the stock traded hands, compared to its average volume of 2,632,113. 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 50-day moving average of $119.24 and a 200 day moving average of $101.42. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a market capitalization of $12.73 billion, a P/E ratio of -130.32, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction 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. This represents a 4.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,857 shares of company stock valued at $4,318,654. Company 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.