Twilio Inc. (NYSE:TWLO) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 54.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,797 shares of the technology company's stock after selling 21,106 shares during the period. Victory Capital Management Inc.'s holdings in Twilio were worth $1,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after purchasing an additional 94 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after acquiring an additional 104 shares during the period. Tidal Investments LLC lifted its position in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock valued at $1,152,000 after acquiring an additional 112 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock valued at $92,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

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Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value 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. This represents a 4.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is currently owned by corporate insiders.

Twilio Stock Up 1.6 %

TWLO stock traded up $1.65 during trading on Friday, reaching $103.44. The stock had a trading volume of 2,329,361 shares, compared to its average volume of 2,626,125. The company has a market capitalization of $15.79 billion, a P/E ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. The firm has a fifty day moving average price of $121.41 and a 200 day moving average price of $98.58. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

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 analysts' consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TWLO. Oppenheimer lifted their price target on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Scotiabank lifted their price target on shares of Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. StockNews.com upgraded Twilio from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Tigress Financial lifted their price objective on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley upgraded Twilio from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

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.