Swedbank AB Sells 53,210 Shares of Twilio Inc. (NYSE:TWLO)

Swedbank AB decreased its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 34.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,099 shares of the technology company's stock after selling 53,210 shares during the period. Swedbank AB owned 0.06% of Twilio worth $5,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TWLO. Norges Bank acquired a new stake in Twilio during the fourth quarter worth approximately $179,739,000. Kodai Capital Management LP acquired a new stake in Twilio during the fourth quarter worth approximately $82,558,000. Contrarius Investment Management Ltd acquired a new stake in Twilio during the fourth quarter worth approximately $80,043,000. Goldentree Asset Management LP acquired a new stake in Twilio during the first quarter worth approximately $31,745,000. Finally, Vanguard Group Inc. grew its stake in Twilio by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company's stock worth $1,351,212,000 after purchasing an additional 241,738 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on TWLO shares. JPMorgan Chase & Co. increased their price target on Twilio from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $71.00 price target on shares of Twilio in a report on Monday, May 20th. StockNews.com upgraded Twilio from a "hold" rating to a "buy" rating in a report on Sunday, July 28th. Macquarie cut their price target on Twilio from $69.00 to $63.00 and set a "neutral" rating on the stock in a report on Wednesday, May 8th. Finally, Wells Fargo & Company increased their price target on Twilio from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of "Hold" and an average target price of $69.95.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,877 shares of the firm's stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $611,940.02. Following the completion of the sale, the chief executive officer now directly owns 289,207 shares of the company's stock, valued at $16,270,785.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Dana Wagner sold 820 shares of Twilio stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $46,133.20. Following the completion of the transaction, the insider now directly owns 159,317 shares in the company, valued at $8,963,174.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,877 shares of Twilio stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $611,940.02. Following the completion of the transaction, the chief executive officer now owns 289,207 shares of the company's stock, valued at $16,270,785.82. The disclosure for this sale can be found here. Insiders sold 66,967 shares of company stock valued at $3,796,221 over the last ninety days. 4.50% of the stock is currently owned by insiders.

Twilio Stock Performance

Twilio stock traded up $0.49 during mid-day trading on Friday, reaching $61.19. 2,451,901 shares of the company's stock were exchanged, compared to its average volume of 2,509,541. The business's fifty day simple moving average is $57.59 and its 200 day simple moving average is $59.96. The firm has a market capitalization of $10.47 billion, a PE ratio of -15.26, a P/E/G ratio of 4.14 and a beta of 1.35. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted ($0.23) earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Twilio Inc. will post 0.45 earnings per share 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.