AQR Capital Management LLC Sells 168,220 Shares of Twilio Inc. (NYSE:TWLO)

AQR Capital Management LLC decreased its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 20.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 644,393 shares of the technology company's stock after selling 168,220 shares during the quarter. AQR Capital Management LLC owned about 0.42% of Twilio worth $69,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC raised its position in Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock worth $1,152,000 after acquiring an additional 112 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock valued at $14,341,000 after purchasing an additional 193,971 shares during the period. American Trust bought a new stake in shares of Twilio in the 3rd quarter valued at about $224,000. Versant Capital Management Inc lifted its stake in Twilio by 71.0% in the 4th quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company's stock valued at $126,000 after purchasing an additional 484 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock valued at $92,000 after buying an additional 170 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,471 shares of company stock worth $2,344,149. Insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of TWLO stock traded up $2.23 during trading hours on Friday, reaching $100.11. The company's stock had a trading volume of 7,162,474 shares, compared to its average volume of 2,694,647. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of -156.42, a PEG ratio of 4.30 and a beta of 1.44. The firm's 50 day simple moving average is $97.36 and its 200-day simple moving average is $105.12.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $0.80 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TWLO shares. Morgan Stanley dropped their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Robert W. Baird reduced their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday. Tigress Financial increased their target price on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company reduced their price target on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.13.

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.