Cetera Investment Advisers Decreases Stake in Twilio Inc. (NYSE:TWLO)

Key Points

• Cetera Investment Advisers has decreased its stake in Twilio Inc. (NYSE:TWLO) by 8.9%, holding 49,907 shares after selling 4,887 shares. This reduction brings their holdings down to a valuation of approximately $4.89 million.
• Several other institutional investors have increased their stakes in Twilio, with Two Sigma Investments LP raising its position by an astonishing 1,292.9% during the fourth quarter.
• Twilio shares have experienced a 6.1% decline recently, with a current market capitalization of $18.49 billion and analysts offering a consensus price target of $127.22.

Cetera Investment Advisers reduced its position in Twilio Inc. (NYSE:TWLO - Free Report) by 8.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,907 shares of the technology company's stock after selling 4,887 shares during the period. Cetera Investment Advisers' holdings in Twilio were worth $4,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jericho Capital Asset Management L.P. purchased a new stake in Twilio during the fourth quarter valued at approximately $301,258,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Twilio by 26.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company's stock valued at $173,190,000 after purchasing an additional 331,202 shares during the period. Two Sigma Investments LP raised its position in Twilio by 1,292.9% during the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after purchasing an additional 1,048,619 shares during the period. Northern Trust Corp raised its position in Twilio by 9.5% during the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock valued at $119,855,000 after purchasing an additional 96,010 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new stake in Twilio during the fourth quarter valued at approximately $111,312,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 13,595 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total value of $1,591,430.70. Following the sale, the chief executive officer owned 246,986 shares of the company's stock, valued at approximately $28,912,181.16. This represents a 5.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,888 shares of company stock worth $6,753,409. Insiders own 0.21% of the company's stock.

Twilio Stock Down 6.1%

Shares of NYSE TWLO opened at $121.14 on Friday. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $18.49 billion, a PE ratio of -576.86, a price-to-earnings-growth ratio of 3.77 and a beta of 1.23. The stock's fifty day simple moving average is $121.57 and its two-hundred day simple moving average is $114.09. Twilio Inc. has a 12-month low of $56.85 and a 12-month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the firm earned $0.80 EPS. The business's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. HSBC raised Twilio from a "reduce" rating to a "hold" rating and upped their target price for the company from $77.00 to $99.00 in a research note on Monday, May 5th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 target price on shares of Twilio in a research note on Tuesday, April 29th. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group upped 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.

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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