Rhumbline Advisers Trims Holdings in Twilio Inc. (NYSE:TWLO)

Rhumbline Advisers trimmed its position in Twilio Inc. (NYSE:TWLO - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,055 shares of the technology company's stock after selling 17,772 shares during the quarter. Rhumbline Advisers owned about 0.12% of Twilio worth $19,568,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TWLO. Creative Planning increased its stake in Twilio by 15.4% in the 3rd quarter. Creative Planning now owns 32,451 shares of the technology company's stock worth $2,116,000 after acquiring an additional 4,322 shares during the last quarter. Raymond James & Associates increased its position in Twilio by 235.4% in the third quarter. Raymond James & Associates now owns 77,386 shares of the technology company's stock worth $5,047,000 after purchasing an additional 54,310 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Twilio by 50,490.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company's stock valued at $26,066,000 after purchasing an additional 398,872 shares in the last quarter. International Assets Investment Management LLC lifted its position in Twilio by 9,679.5% during the third quarter. International Assets Investment Management LLC now owns 89,091 shares of the technology company's stock valued at $5,811,000 after purchasing an additional 88,180 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Twilio in the 3rd quarter worth $2,183,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on TWLO shares. Morgan Stanley increased their price target on shares of Twilio from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Scotiabank raised their price objective on Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Oppenheimer boosted their target price on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Stifel Nicolaus increased their price target on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. Finally, Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.91.

Twilio Stock Performance

Shares of Twilio stock traded down $3.84 during trading on Friday, hitting $114.16. 3,304,604 shares of the company's stock were exchanged, compared to its average volume of 3,993,473. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of -178.37, a PEG ratio of 4.54 and a beta of 1.43. The business has a 50-day simple moving average of $122.06 and a 200-day simple moving average of $91.96.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 analysts' expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, research analysts forecast that Twilio Inc. will post 1.4 EPS for the current year.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company's stock, valued at $27,823,806.18. This 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 through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,406 shares of company stock worth $2,656,889 in the last ninety days. 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.