Metis Global Partners LLC Sells 1,782 Shares of Twilio Inc. (NYSE:TWLO)

Metis Global Partners LLC reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 24.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,542 shares of the technology company’s stock after selling 1,782 shares during the period. Metis Global Partners LLC’s holdings in Twilio were worth $599,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. California First Leasing Corp acquired a new position in Twilio during the 4th quarter valued at $2,475,000. Xcel Wealth Management LLC acquired a new position in Twilio during the 4th quarter valued at $257,000. US Bancorp DE raised its stake in Twilio by 23.4% during the 4th quarter. US Bancorp DE now owns 5,907 shares of the technology company’s stock valued at $638,000 after purchasing an additional 1,120 shares during the last quarter. SVB Wealth LLC acquired a new position in Twilio during the 4th quarter valued at $512,000. Finally, Private Trust Co. NA raised its stake in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after buying an additional 360 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $116.73 on Thursday. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of -182.39, a P/E/G ratio of 4.30 and a beta of 1.47. The firm’s 50 day simple moving average is $123.38 and its 200 day simple moving average is $95.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO) last announced its earnings results 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates 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, sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Needham & Company LLC increased their price objective on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Tigress Financial increased their price objective on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and an average price target of $134.26.

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.