Lecap Asset Management Ltd. Decreases Stock Position in Twilio Inc. (NYSE:TWLO)

Lecap Asset Management Ltd. decreased its position in Twilio Inc. (NYSE:TWLO - Free Report) by 32.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,378 shares of the technology company's stock after selling 22,324 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Twilio were worth $3,090,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company's stock worth $1,097,665,000 after buying an additional 140,791 shares during the period. Susquehanna Fundamental Investments LLC raised its stake in shares of Twilio by 78.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company's stock worth $4,041,000 after buying an additional 31,227 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Twilio by 9.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company's stock worth $14,051,000 after buying an additional 17,856 shares during the period. Farmers Trust Co. raised its stake in shares of Twilio by 58.1% in the third quarter. Farmers Trust Co. now owns 57,143 shares of the technology company's stock worth $3,727,000 after buying an additional 21,001 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Twilio by 13.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company's stock worth $10,770,000 after buying an additional 21,245 shares during the period. Institutional investors own 84.27% of the company's stock.

Twilio Stock Down 0.0 %

Shares of TWLO stock traded down $0.03 during mid-day trading on Wednesday, hitting $70.61. The stock had a trading volume of 1,831,536 shares, compared to its average volume of 2,616,693. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16. The firm has a market capitalization of $11.34 billion, a P/E ratio of -21.11, a price-to-earnings-growth ratio of 4.03 and a beta of 1.35. The firm's 50-day moving average is $63.67 and its two-hundred day moving average is $60.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $1.06 billion. During the same period in the prior year, the business earned ($0.23) EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts predict that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 1,961 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at $11,318,745.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Dana Wagner sold 591 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 1,961 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the completion of the sale, the chief financial officer now owns 186,501 shares of the company's stock, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on TWLO shares. JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Piper Sandler reissued an "overweight" rating and issued a $83.00 price target (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Sanford C. Bernstein boosted their price target on Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a report on Tuesday, August 27th. Barclays lowered their price target on Twilio from $70.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, August 5th. Finally, Tigress Financial boosted their price target on Twilio from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $71.00.

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.