Legal & General Group Plc Sells 409,341 Shares of Twilio Inc. (NYSE:TWLO)

Legal & General Group Plc decreased its position in Twilio Inc. (NYSE:TWLO - Free Report) by 34.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 778,060 shares of the technology company's stock after selling 409,341 shares during the quarter. Legal & General Group Plc owned 0.51% of Twilio worth $84,093,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after buying an additional 2,864,235 shares in the last quarter. Geode Capital Management LLC increased its holdings in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Norges Bank bought a new position in Twilio in the 4th quarter valued at $222,146,000. Bank of New York Mellon Corp grew its holdings in shares of Twilio by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock worth $109,056,000 after purchasing an additional 99,786 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Twilio by 3,999.9% in the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after buying an additional 509,153 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Remove Ads

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares of the company's stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 in the last three months. Insiders own 4.50% of the company's stock.

Twilio Stock Up 2.2 %

Shares of NYSE:TWLO traded up $1.87 during mid-day trading on Tuesday, reaching $88.29. 1,519,413 shares of the stock were exchanged, compared to its average volume of 2,637,704. The stock's 50 day simple moving average is $108.62 and its 200-day simple moving average is $103.16. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a market cap of $13.48 billion, a P/E ratio of -137.95, a P/E/G ratio of 4.30 and a beta of 1.50. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

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 analysts' consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

TWLO has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $144.00 to $160.00 in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. William Blair restated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Monness Crespi & Hardt lifted their price objective on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their target price on shares of Twilio from $140.00 to $155.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.26.

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.