First Trust Advisors LP Lowers Holdings in Twilio Inc. (NYSE:TWLO)

First Trust Advisors LP reduced its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,043,277 shares of the technology company's stock after selling 63,277 shares during the quarter. First Trust Advisors LP owned 0.68% of Twilio worth $112,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in Twilio by 718.7% in 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 in the last quarter. Norges Bank bought a new position in shares of Twilio in the fourth quarter valued at about $222,146,000. Renaissance Technologies LLC bought a new position in Twilio in the 4th quarter valued at about $62,999,000. Schroder Investment Management Group lifted its holdings 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 purchasing an additional 509,153 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings 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 worth $49,115,000 after buying an additional 421,199 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 184,164 shares of the company's stock, valued at $21,630,061.80. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,471 shares of company stock valued at $2,344,149. Insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TWLO. Wells Fargo & Company cut their price target on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. Piper Sandler reissued an "overweight" rating and set a $142.00 target price (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Barclays raised their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, UBS Group raised their target price on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $129.30.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $1.62 during trading on Friday, hitting $95.15. 2,272,895 shares of the company were exchanged, compared to its average volume of 2,639,455. The stock has a 50 day moving average of $99.96 and a 200 day moving average of $103.75. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a market cap of $14.52 billion, a PE ratio of -148.67, a P/E/G ratio of 4.30 and a beta of 1.50. 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 (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) 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%. As a group, equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

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.