River Global Investors LLP Sells 6,318 Shares of Twilio Inc. (NYSE:TWLO)

River Global Investors LLP lessened its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,695 shares of the technology company's stock after selling 6,318 shares during the period. River Global Investors LLP's holdings in Twilio were worth $1,049,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System raised its holdings in Twilio by 44.3% in the third quarter. New York State Teachers Retirement System now owns 16,017 shares of the technology company's stock worth $1,045,000 after buying an additional 4,916 shares during the last quarter. US Bancorp DE raised its holdings in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company's stock worth $312,000 after acquiring an additional 217 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Twilio by 56.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company's stock valued at $1,987,000 after acquiring an additional 10,954 shares in the last quarter. Van ECK Associates Corp boosted its stake in Twilio by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,949 shares of the technology company's stock valued at $349,000 after purchasing an additional 282 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of Twilio in the 3rd quarter worth $294,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

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Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of Twilio 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 sale, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction dated Monday, January 6th. The stock was 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 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. Over the last quarter, insiders have sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TWLO has been the topic of a number of research analyst reports. Tigress Financial upped their price target on Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. UBS Group increased their price objective on shares of Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $142.00 target price (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and an average price target of $134.26.

Twilio Price Performance

Shares of TWLO traded up $2.67 during trading hours on Wednesday, reaching $102.75. 2,351,916 shares of the stock traded hands, compared to its average volume of 2,644,308. The company has a market cap of $15.76 billion, a P/E ratio of -160.54, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $122.90 and its two-hundred day moving average price is $97.21. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

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 business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. On average, analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Twilio 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.