Twilio Inc. (NYSE:TWLO) Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its stake in Twilio Inc. (NYSE:TWLO) by 56.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,661 shares of the technology company’s stock after selling 13,935 shares during the quarter. Entropy Technologies LP’s holdings in Twilio were worth $1,152,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TWLO. Robeco Institutional Asset Management B.V. increased its stake in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares during the period. KBC Group NV lifted its position in shares of Twilio by 1,138.4% during the 4th 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, Franklin Resources Inc. grew its stake in 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 acquiring an additional 193,971 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

TWLO stock opened at $144.37 on Tuesday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The business has a fifty day moving average of $118.03 and a two-hundred day moving average of $87.75. The stock has a market cap of $22.14 billion, a price-to-earnings ratio of -56.17, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

A number of equities analysts have weighed in on TWLO shares. Tigress Financial upped their price objective on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Royal Bank of Canada restated an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Tuesday, January 21st. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Morgan Stanley increased their target price on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.25.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. 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 on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, 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 ninety days, insiders sold 22,015 shares of company stock valued at $2,483,695. 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.