Tobam Reduces Holdings in Twilio Inc. (NYSE:TWLO)

Tobam cut its holdings in Twilio Inc. (NYSE:TWLO) by 22.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,299 shares of the technology company’s stock after selling 1,791 shares during the quarter. Tobam’s holdings in Twilio were worth $358,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Twilio by 1.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,602 shares of the technology company’s stock valued at $3,443,000 after buying an additional 887 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Twilio during the second quarter worth approximately $29,000. Kintegral Advisory LLC grew its stake in Twilio by 176.9% during the 2nd quarter. Kintegral Advisory LLC now owns 17,032 shares of the technology company’s stock valued at $968,000 after purchasing an additional 10,880 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Twilio by 107.9% in the 2nd quarter. State of Michigan Retirement System now owns 7,900 shares of the technology company’s stock worth $449,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Calamos Advisors LLC raised its stake in Twilio by 131.5% during the 2nd quarter. Calamos Advisors LLC now owns 47,527 shares of the technology company’s stock valued at $2,700,000 after acquiring an additional 27,000 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TWLO. Macquarie lowered their target price on Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their price objective on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Sanford C. Bernstein increased their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday. Barclays dropped their price target on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Finally, StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Sunday, July 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.52.

Twilio Price Performance

Shares of NYSE TWLO traded down $0.03 during trading on Friday, hitting $62.33. 860,090 shares of the company were exchanged, compared to its average volume of 2,800,382. The company has a market cap of $10.67 billion, a price-to-earnings ratio of -15.48, a PEG ratio of 4.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The firm’s fifty day moving average price is $58.46 and its 200 day moving average price is $59.42.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.23) EPS. On average, sell-side analysts expect that Twilio Inc. will post 0.45 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $57.00, for a total value of $1,405,449.00. Following the completion of the transaction, the chief executive officer now owns 311,325 shares in the company, valued at approximately $17,745,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the sale, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 24,657 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $57.00, for a total value of $1,405,449.00. Following the completion of the transaction, the chief executive officer now directly owns 311,325 shares of the company’s stock, valued at $17,745,525. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,687 shares of company stock valued at $4,082,924. Company insiders own 4.50% of the company’s stock.

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.