Twilio Inc. (NYSE:TWLO) Shares Sold by Formula Growth Ltd.

Formula Growth Ltd. lessened its position in Twilio Inc. (NYSE:TWLO) by 55.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,688 shares of the technology company’s stock after selling 31,000 shares during the period. Formula Growth Ltd.’s holdings in Twilio were worth $2,668,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in 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 purchasing an additional 2,864,235 shares in the last quarter. Norges Bank purchased a new stake in Twilio in the 4th quarter valued at approximately $222,146,000. Renaissance Technologies LLC acquired a new position in Twilio during the 4th quarter worth approximately $62,999,000. Schroder Investment Management Group raised its stake in shares of Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company’s stock worth $56,687,000 after buying an additional 509,153 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Twilio by 1,267.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company’s stock valued at $49,115,000 after buying an additional 421,199 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of TWLO opened at $84.76 on Friday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company’s 50 day simple moving average is $103.89 and its 200 day simple moving average is $103.22. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of -132.43, a PEG ratio of 4.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Monness Crespi & Hardt upped their price objective on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company upped their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Oppenheimer raised their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Barclays upped their target price on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Scotiabank increased their target price on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. One equities 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 company. Based on data from MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.13.

Insider Activity

In other news, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock valued at $2,344,149 in the last 90 days. 4.50% of the stock is currently owned by insiders.

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.