Brevan Howard Capital Management LP Sells 24,625 Shares of Twilio Inc. (NYSE:TWLO)

Brevan Howard Capital Management LP decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 72.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,393 shares of the technology company's stock after selling 24,625 shares during the quarter. Brevan Howard Capital Management LP's holdings in Twilio were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TWLO. Ritholtz Wealth Management acquired a new position in shares of Twilio during the fourth quarter worth approximately $344,000. Bleakley Financial Group LLC acquired a new position in Twilio during the fourth quarter valued at $230,000. Aigen Investment Management LP increased its position in Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after purchasing an additional 5,188 shares during the last quarter. Highland Capital Management LLC acquired a new stake in shares of Twilio in the 4th quarter valued at $912,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Twilio in the fourth quarter valued at approximately $860,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TWLO. Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. Morgan Stanley lowered their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. HSBC raised Twilio from a "reduce" rating to a "hold" rating and lifted their price target for the company from $77.00 to $99.00 in a research note on Monday, May 5th. Finally, Needham & Company LLC lowered their price target on Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Twilio has a consensus rating of "Moderate Buy" and an average target price of $124.41.

Twilio Stock Up 0.5 %

Shares of Twilio stock traded up $0.48 during trading on Friday, hitting $105.71. The company's stock had a trading volume of 1,665,063 shares, compared to its average volume of 2,666,200. Twilio Inc. has a 52 week low of $52.51 and a 52 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. The company has a fifty day simple moving average of $95.98 and a two-hundred day simple moving average of $106.27. The company has a market capitalization of $16.13 billion, a PE ratio of -165.17, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction on 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 sale, the chief financial officer now owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. This trade represents a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 0.21% of the company's stock.

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.