Swiss National Bank Trims Holdings in Twilio Inc. (NYSE:TWLO)

Swiss National Bank decreased its position in Twilio Inc. (NYSE:TWLO - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,000 shares of the technology company's stock after selling 51,600 shares during the quarter. Swiss National Bank owned approximately 0.28% of Twilio worth $46,582,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock valued at $187,026,000 after acquiring an additional 444,295 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Twilio by 1,267.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after acquiring an additional 421,199 shares during the period. KBC Group NV grew its stake in shares of Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company's stock valued at $30,389,000 after acquiring an additional 258,469 shares during the period. Raymond James Financial Inc. bought a new position in shares of Twilio during the 4th quarter valued at approximately $25,778,000. Finally, Franklin Resources Inc. grew its stake in shares of Twilio by 2,412.9% during the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock valued at $14,341,000 after acquiring an additional 193,971 shares during the period. Institutional investors own 84.27% of the company's stock.

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Twilio Stock Down 1.2 %

Shares of TWLO traded down $1.26 during midday trading on Thursday, reaching $101.74. 1,449,850 shares of the stock were exchanged, compared to its average volume of 2,625,682. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. 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 company's 50 day moving average is $121.60 and its two-hundred day moving average is $98.56. The company has a market capitalization of $15.53 billion, a P/E ratio of -158.97, a PEG ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The stock was 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 directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock valued at $2,441,324 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. William Blair reaffirmed an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Barclays upped their price objective on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Needham & Company LLC upped their price objective on Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $135.35.

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.