Elo Mutual Pension Insurance Co Reduces Stock Position in Twilio Inc. (NYSE:TWLO)

Elo Mutual Pension Insurance Co decreased its position in Twilio Inc. (NYSE:TWLO) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,160 shares of the technology company’s stock after selling 2,284 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Twilio were worth $1,314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings 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. Bank of New York Mellon Corp grew its position in shares of Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after buying an additional 99,786 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after buying an additional 4,061 shares during the period. Amundi raised its holdings in shares of Twilio by 53.4% during the fourth quarter. Amundi now owns 517,052 shares of the technology company’s stock valued at $57,424,000 after acquiring an additional 179,899 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Twilio by 1,267.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company’s stock worth $49,115,000 after acquiring an additional 421,199 shares during the period. 84.27% of the stock is owned by institutional investors.

Insider Activity at Twilio

In related 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 value of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, 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. Insiders have sold a total of 21,277 shares of company stock worth $2,441,324 over the last quarter. Company insiders own 4.50% of the company’s stock.

Twilio Stock Down 2.9 %

TWLO stock opened at $98.86 on Monday. The stock has a market capitalization of $15.09 billion, a P/E ratio of -154.47, a P/E/G ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The business has a fifty day moving average price of $120.55 and a 200-day moving average price of $100.97.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on TWLO shares. Royal Bank of Canada restated an “underperform” rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Scotiabank upped their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Finally, JMP Securities restated a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.35.

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.