Washington Capital Management Inc. Decreases Stake in Twilio Inc. (NYSE:TWLO)

Washington Capital Management Inc. trimmed its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 44.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,400 shares of the technology company's stock after selling 4,400 shares during the period. Washington Capital Management Inc.'s holdings in Twilio were worth $584,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TWLO. Swedbank AB lifted its stake in Twilio by 7.2% during the fourth quarter. Swedbank AB now owns 60,280 shares of the technology company's stock worth $6,515,000 after purchasing an additional 4,026 shares during the period. Forsta AP Fonden boosted its position in Twilio by 30.3% in the fourth quarter. Forsta AP Fonden now owns 43,900 shares of the technology company's stock valued at $4,745,000 after buying an additional 10,200 shares in the last quarter. Smith Group Asset Management LLC raised its position in Twilio by 19.4% in the 4th quarter. Smith Group Asset Management LLC now owns 18,610 shares of the technology company's stock valued at $2,011,000 after purchasing an additional 3,020 shares during the last quarter. KBC Group NV increased its stake in shares of Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company's stock valued at $30,389,000 after buying an additional 258,469 shares in the last quarter. Finally, Regatta Capital Group LLC acquired a new stake in Twilio in the fourth quarter worth about $205,000. 84.27% of the stock is owned by institutional investors.

Twilio Stock Up 1.6 %

NYSE:TWLO traded up $2.29 during mid-day trading on Thursday, reaching $148.39. The company's stock had a trading volume of 1,756,007 shares, compared to its average volume of 3,681,069. The stock has a fifty day moving average of $112.02 and a 200-day moving average of $83.22. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $22.76 billion, a PE ratio of -57.64, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $148.37.

Analyst Ratings Changes

TWLO has been the topic of a number of analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Northland Securities boosted their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Needham & Company LLC raised their target price on shares of Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday. Royal Bank of Canada restated an "underperform" rating and set a $50.00 target price on shares of Twilio in a research report on Tuesday, January 21st. Finally, Oppenheimer upped their price target on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and a consensus price target of $119.25.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the firm's 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 sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, 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 22,015 shares of company stock valued at $2,483,695 in the last ninety days. Company insiders own 4.50% of the company's stock.

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.