Aberdeen Group plc Lowers Stock Position in Twilio Inc. $TWLO

Key Points

• Aberdeen Group plc reduced its stake in Twilio Inc. by 41.2%, now owning only 0.09% of the company, valued at approximately $13.9 million after selling 99,548 shares.
• Recent insider sales included 4,100 shares sold by Director Erika Rottenberg and 20,008 shares sold by CEO Khozema Shipchandler, reflecting decreases of 10.91% and 7.13% in their ownership, respectively.
• Analysts generally maintain a positive outlook on Twilio, with a consensus rating of "Moderate Buy" and average price target of $126.74, despite some variations in price targets amongst different firms.

Aberdeen Group plc reduced its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 41.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,162 shares of the technology company's stock after selling 99,548 shares during the period. Aberdeen Group plc owned 0.09% of Twilio worth $13,919,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in Twilio during the 1st quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. bought a new stake in Twilio during the 1st quarter valued at approximately $28,000. TCTC Holdings LLC raised its stake in Twilio by 118.1% during the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock valued at $33,000 after purchasing an additional 183 shares during the period. Cloud Capital Management LLC bought a new stake in Twilio during the 1st quarter valued at approximately $34,000. Finally, UMB Bank n.a. bought a new stake in Twilio during the 1st quarter valued at approximately $37,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Twilio

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the sale, the chief executive officer owned 260,581 shares of the company's stock, valued at $32,450,151.93. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,964 shares of company stock worth $6,536,478 in the last quarter. 4.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TWLO shares. The Goldman Sachs Group lifted their target price on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Tigress Financial reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Twilio in a research note on Thursday, May 8th. Robert W. Baird reduced their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Scotiabank lifted their price objective on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group set a $132.00 price objective on Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and an average price target of $126.74.

Twilio Price Performance

TWLO opened at $104.94 on Tuesday. The business has a fifty day moving average of $119.52 and a 200 day moving average of $112.51. Twilio Inc. has a 52-week low of $56.85 and a 52-week high of $151.95. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $16.10 billion, a P/E ratio of 874.57, a PEG ratio of 3.37 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. Twilio had a return on equity of 2.78% and a net margin of 0.43%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the business earned $0.87 EPS. Twilio's revenue was up 13.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

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.

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