River Global Investors LLP Has $1.05 Million Stake in Twilio Inc. (NYSE:TWLO)

River Global Investors LLP cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 39.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,695 shares of the technology company’s stock after selling 6,318 shares during the period. River Global Investors LLP’s holdings in Twilio were worth $1,049,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Edgestream Partners L.P. purchased a new position in shares of Twilio during the 4th quarter valued at $655,000. Callan Family Office LLC acquired a new stake in Twilio during the fourth quarter valued at $206,000. Candriam S.C.A. grew its stake in Twilio by 35.3% in the fourth quarter. Candriam S.C.A. now owns 171,917 shares of the technology company’s stock valued at $18,581,000 after purchasing an additional 44,890 shares in the last quarter. Freestone Capital Holdings LLC increased its position in Twilio by 3.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock worth $423,000 after purchasing an additional 124 shares during the last quarter. Finally, SP Asset Management LLC purchased a new stake in shares of Twilio during the 4th quarter worth about $202,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 1,391 shares of the company’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 value of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares in the company, valued at approximately $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. Insiders have sold 21,277 shares of company stock worth $2,441,324 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Down 2.5 %

NYSE TWLO opened at $106.08 on Friday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock has a market cap of $16.27 billion, a PE ratio of -165.75, a PEG ratio of 4.30 and a beta of 1.47. The firm has a 50-day simple moving average of $123.26 and a 200 day simple moving average of $96.15. 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 announced its quarterly earnings data 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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

TWLO has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Scotiabank raised their price target on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.26.

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.