J. Safra Sarasin Holding AG Sells 9,298 Shares of Twilio Inc. (NYSE:TWLO)

J. Safra Sarasin Holding AG cut its stake in Twilio Inc. (NYSE:TWLO) by 34.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,538 shares of the technology company’s stock after selling 9,298 shares during the period. J. Safra Sarasin Holding AG’s holdings in Twilio were worth $1,896,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tidal Investments LLC grew its stake in Twilio by 0.6% in the third 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. Franklin Resources Inc. grew its position in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after purchasing an additional 193,971 shares during the period. American Trust bought a new stake in Twilio during the 3rd quarter worth approximately $224,000. Versant Capital Management Inc raised its holdings in Twilio by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company’s stock worth $126,000 after buying an additional 484 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after buying an additional 170 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is owned by insiders.

Twilio Trading Up 2.7 %

Shares of Twilio stock opened at $83.74 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The business has a fifty day simple moving average of $101.36 and a two-hundred day simple moving average of $103.69. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of -130.84, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last posted 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TWLO shares. Wells Fargo & Company dropped their price objective on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday. Stifel Nicolaus lifted their price target on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. UBS Group upped their price objective on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Monness Crespi & Hardt lifted their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $130.61.

About Twilio

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.