Twilio Inc. (NYSE:TWLO) Stock Position Reduced by 13D Management LLC

13D Management LLC decreased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,757 shares of the technology company's stock after selling 8,136 shares during the quarter. Twilio accounts for about 7.3% of 13D Management LLC's holdings, making the stock its biggest position. 13D Management LLC owned about 0.06% of Twilio worth $9,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWLO. Arrowstreet Capital Limited Partnership raised its holdings in shares of Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after acquiring an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Twilio during the 4th quarter worth about $301,258,000. Norges Bank acquired a new position in shares of Twilio in the fourth quarter valued at approximately $222,146,000. Renaissance Technologies LLC purchased a new position in shares of Twilio during the fourth quarter valued at approximately $62,999,000. Finally, Schroder Investment Management Group grew its stake in Twilio by 3,999.9% in the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after acquiring an additional 509,153 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley lowered their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group upped their price target on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday. JMP Securities restated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Tigress Financial lifted their target price on shares of Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group cut their price objective on Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.21.

Twilio Stock Performance

Shares of NYSE TWLO traded up $2.98 during midday trading on Monday, reaching $103.09. 4,071,104 shares of the company traded hands, compared to its average volume of 2,700,163. The stock has a 50-day moving average price of $97.36 and a 200 day moving average price of $105.36. The company has a market cap of $15.74 billion, a price-to-earnings ratio of -161.08, a PEG ratio of 4.30 and a beta of 1.44. 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 52 week low of $52.51 and a 52 week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $0.80 EPS. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % 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 7,524 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 over the last 90 days. 4.50% of the stock is currently owned by corporate 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.