Fmr LLC Has $445.42 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

FMR LLC cut its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 55.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,121,189 shares of the technology company's stock after selling 5,085,299 shares during the quarter. FMR LLC owned 2.69% of Twilio worth $445,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TWLO. JFS Wealth Advisors LLC grew its holdings in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new position in Twilio during the fourth quarter valued at approximately $44,000. Private Trust Co. NA grew its position in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after acquiring an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Twilio during the 4th quarter valued at $75,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Up 1.4 %

NYSE:TWLO traded up $1.25 during trading hours on Tuesday, hitting $87.67. 483,810 shares of the stock were exchanged, compared to its average volume of 2,633,706. The company has a market capitalization of $13.38 billion, a P/E ratio of -137.03, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. 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 company's 50 day moving average is $108.62 and its two-hundred day moving average is $103.16.

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Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results 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). 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 during 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 fiscal year.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The stock was 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 $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. In the last 90 days, insiders sold 23,471 shares of company stock worth $2,344,149. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TWLO shares. JPMorgan Chase & Co. raised their target price on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Needham & Company LLC boosted their price objective on shares of Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Wells Fargo & Company lifted their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. JMP Securities restated a "market outperform" rating and set a $165.00 price target on shares of Twilio 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 company a "buy" rating in a report on Friday, February 14th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, Twilio has an average rating of "Moderate Buy" and a consensus price target of $134.26.

Twilio Company 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.