Prudential Financial Inc. Trims Position in Twilio Inc. (NYSE:TWLO)

Prudential Financial Inc. decreased its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,360 shares of the technology company's stock after selling 7,082 shares during the quarter. Prudential Financial Inc. owned approximately 0.09% of Twilio worth $15,494,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Los Angeles Capital Management LLC increased 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 worth $49,115,000 after buying an additional 421,199 shares during the period. KBC Group NV grew its holdings in Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company's stock worth $30,389,000 after acquiring an additional 258,469 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $25,778,000. Franklin Resources Inc. raised its holdings in shares of 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 purchasing an additional 193,971 shares in the last quarter. Finally, Amundi lifted its position in shares of Twilio by 53.4% during the 4th quarter. Amundi now owns 517,052 shares of the technology company's stock worth $57,424,000 after purchasing an additional 179,899 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

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Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock worth $2,441,324 in the last quarter. Company insiders own 4.50% of the company's stock.

Twilio Price Performance

Twilio stock traded down $0.10 during midday trading on Tuesday, reaching $97.81. The company's stock had a trading volume of 238,595 shares, compared to its average volume of 2,624,564. The firm has a market capitalization of $14.93 billion, a PE ratio of -152.66, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock's 50 day simple moving average is $120.28 and its 200 day simple moving average is $101.24. 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 (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

TWLO has been the topic of a number of analyst reports. Wells Fargo & Company raised their price target on Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Monness Crespi & Hardt raised their target price on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Jefferies Financial Group boosted their target price on Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Needham & Company LLC increased their price target on shares of Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, Mizuho lifted their target price on Twilio from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $135.35.

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.