Charles Schwab Investment Management Inc. Decreases Holdings in Twilio Inc. (NYSE:TWLO)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,229,377 shares of the technology company's stock after selling 21,384 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.80% of Twilio worth $132,871,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after acquiring an additional 444,295 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of 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 valued at $49,115,000 after purchasing an additional 421,199 shares in the last quarter. KBC Group NV increased its stake in shares of Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company's stock valued at $30,389,000 after buying an additional 258,469 shares during the period. Franklin Resources Inc. raised its holdings in Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock valued at $14,341,000 after buying an additional 193,971 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Twilio by 1,124.8% during the 4th quarter. Principal Financial Group Inc. now owns 142,602 shares of the technology company's stock worth $15,412,000 after buying an additional 130,959 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

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Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares of the company's stock, valued at $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The shares were 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 of the company's stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,277 shares of company stock worth $2,441,324. Insiders own 4.50% of the company's stock.

Twilio Stock Down 2.5 %

Shares of NYSE TWLO traded down $2.73 during midday trading on Friday, hitting $106.08. 5,235,260 shares of the stock traded hands, compared to its average volume of 3,765,060. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The business has a 50 day moving average price of $123.26 and a two-hundred day moving average price of $96.15. The company has a market cap of $16.27 billion, a PE ratio of -165.75, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

TWLO has been the subject of several recent research reports. Monness Crespi & Hardt raised their price target on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Monday, January 27th. UBS Group raised their target price on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price target on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Robert W. Baird upgraded Twilio from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Twilio has a consensus 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.