Toronado Partners LLC Has $17.32 Million Position in Twilio Inc. (NYSE:TWLO)

Toronado Partners LLC lessened its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 45.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,250 shares of the technology company's stock after selling 131,000 shares during the quarter. Twilio makes up approximately 10.9% of Toronado Partners LLC's investment portfolio, making the stock its 2nd largest position. Toronado Partners LLC owned 0.10% of Twilio worth $17,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Norges Bank purchased a new stake in shares of Twilio during the 4th quarter valued at $222,146,000. Renaissance Technologies LLC purchased a new position in shares of Twilio during the 4th quarter valued at about $62,999,000. Schroder Investment Management Group grew its holdings in shares of Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after purchasing an additional 509,153 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Twilio by 1,267.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after purchasing an additional 421,199 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

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Twilio Stock Performance

NYSE:TWLO traded up $1.87 during midday trading on Tuesday, reaching $88.29. 1,519,413 shares of the company traded hands, compared to its average volume of 2,638,569. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of -137.95, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The company has a fifty day moving average price of $108.62 and a 200 day moving average price of $103.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares of the company's stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

TWLO has been the topic of several research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research report on Friday, February 14th. StockNews.com downgraded shares of Twilio from a "buy" rating to a "hold" rating in a report on Friday. UBS Group raised their price objective on shares of Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Scotiabank boosted 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. Finally, Wells Fargo & Company increased their price objective on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $134.26.

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.