BI Asset Management Fondsmaeglerselskab A S Sells 3,600 Shares of Twilio Inc. (NYSE:TWLO)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,777 shares of the technology company's stock after selling 3,600 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Twilio were worth $1,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its holdings in Twilio by 718.7% during the fourth 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 period. Norges Bank acquired a new position in shares of Twilio in the 4th quarter valued at $222,146,000. Renaissance Technologies LLC bought a new stake in shares of Twilio in the 4th quarter valued at $62,999,000. Schroder Investment Management Group raised its stake in Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after buying an additional 509,153 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in Twilio by 1,267.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock worth $49,115,000 after acquiring an additional 421,199 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TWLO has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price target on Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Morgan Stanley cut their price target on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Tigress Financial increased their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Barclays boosted their price objective on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada reiterated an "underperform" rating and set a $75.00 target price on shares of Twilio in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and an average target price of $129.30.

Twilio Stock Performance

Shares of TWLO traded up $1.62 during trading hours on Friday, hitting $95.15. The company had a trading volume of 2,286,162 shares, compared to its average volume of 2,639,506. The business has a fifty day moving average of $99.96 and a 200-day moving average of $103.75. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of -148.67, a PEG ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Equities analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm's 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 transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,471 shares of company stock worth $2,344,149. 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.