Twilio Inc. (NYSE:TWLO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in Twilio Inc. (NYSE:TWLO - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,207,678 shares of the technology company's stock after selling 879,351 shares during the quarter. Vanguard Group Inc. owned approximately 9.92% of Twilio worth $1,643,646,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans acquired a new stake in shares of Twilio in the 3rd quarter valued at $253,000. Cerity Partners LLC increased its holdings in Twilio by 41.0% during the third quarter. Cerity Partners LLC now owns 65,168 shares of the technology company's stock worth $4,250,000 after buying an additional 18,960 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Twilio by 151.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock valued at $2,820,000 after purchasing an additional 26,062 shares during the period. Dai ichi Life Insurance Company Ltd bought a new stake in shares of Twilio in the third quarter valued at about $448,000. Finally, FMR LLC grew its stake in shares of Twilio by 0.8% in the third quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock valued at $600,447,000 after acquiring an additional 77,436 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Trading Down 0.8 %

Shares of TWLO stock traded down $0.78 during mid-day trading on Tuesday, reaching $97.13. The stock had a trading volume of 202,568 shares, compared to its average volume of 2,624,398. 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 firm has a market capitalization of $14.83 billion, a PE ratio of -151.74, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock's 50-day moving average price is $120.28 and its two-hundred day moving average price is $101.24.

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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). The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction on 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 directly owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction on 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 of the company's stock, 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. In the last quarter, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TWLO has been the topic of a number of analyst reports. Oppenheimer increased their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Robert W. Baird upgraded Twilio from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Needham & Company LLC upped their target price on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Piper Sandler restated an "overweight" rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and a consensus price target of $135.35.

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.