Handelsbanken Fonder AB Sells 1,700 Shares of Twilio Inc. (NYSE:TWLO)

Handelsbanken Fonder AB reduced its stake in shares of Twilio Inc. (NYSE:TWLO) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 39,100 shares of the technology company’s stock after selling 1,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Twilio were worth $4,226,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC increased its position in Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after purchasing an additional 77,436 shares during the period. Pacer Advisors Inc. increased its position in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Geode Capital Management LLC increased its position in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares during the period. Robeco Institutional Asset Management B.V. grew its position 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 worth $57,044,000 after buying an additional 630,627 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Twilio by 0.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after buying an additional 4,061 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,406 shares of company stock worth $2,656,889 in the last quarter. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. UBS Group upped their target price on shares of Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus upped their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 target price on shares of Twilio in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.91.

Twilio Price Performance

TWLO opened at $114.16 on Monday. The company’s 50-day simple moving average is $122.09 and its two-hundred day simple moving average is $92.81. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market capitalization of $17.51 billion, a P/E ratio of -178.37, a P/E/G ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

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.