Metis Global Partners LLC Has $599,000 Holdings in Twilio Inc. (NYSE:TWLO)

Metis Global Partners LLC cut its holdings in Twilio Inc. (NYSE:TWLO) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,542 shares of the technology company’s stock after selling 1,782 shares during the period. Metis Global Partners LLC’s holdings in Twilio were worth $599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. California First Leasing Corp acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $2,475,000. Xcel Wealth Management LLC bought a new position in shares of Twilio in the fourth quarter valued at $257,000. US Bancorp DE grew its stake in shares of Twilio by 23.4% in the fourth quarter. US Bancorp DE now owns 5,907 shares of the technology company’s stock valued at $638,000 after buying an additional 1,120 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Twilio in the fourth quarter valued at $512,000. Finally, Private Trust Co. NA grew its stake in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after buying an additional 360 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Up 1.7 %

TWLO opened at $116.73 on Thursday. The company has a market capitalization of $17.90 billion, a P/E ratio of -182.39, a P/E/G ratio of 4.30 and a beta of 1.47. The stock has a fifty day moving average of $123.38 and a 200-day moving average of $95.75. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two 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.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Stifel Nicolaus raised their target price on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. JMP Securities reissued a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. Finally, The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and raised their target price for the company from $77.00 to $185.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $134.26.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated 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 directly owns 244,971 shares of the company’s stock, 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 sold a total of 21,277 shares of company stock valued at $2,441,324 over the last quarter. 4.50% of the stock is owned by corporate insiders.

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.