Diversified Trust Co Has $858,000 Holdings in Twilio Inc. (NYSE:TWLO)

Diversified Trust Co reduced its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 48.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,759 shares of the technology company's stock after selling 8,329 shares during the quarter. Diversified Trust Co's holdings in Twilio were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TWLO. Arrowstreet Capital Limited Partnership increased its stake in shares of Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in Twilio in the 4th quarter valued at about $301,258,000. Norges Bank acquired a new position in Twilio in the fourth quarter valued at about $222,146,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Twilio by 26.1% in the 4th 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 last quarter. Finally, Two Sigma Investments LP lifted its stake in Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after acquiring an additional 1,048,619 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TWLO has been the topic of several research analyst reports. Jefferies Financial Group set a $132.00 price target on Twilio and gave the stock a "hold" rating in a research report on Sunday, June 15th. Tigress Financial reiterated a "buy" rating and set a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Mizuho dropped their price target on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group boosted their price objective on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley cut their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $126.39.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 7,964 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.33, for a total transaction of $990,164.12. Following the completion of the sale, the chief financial officer directly owned 156,120 shares in the company, valued at $19,410,399.60. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 20,008 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer owned 260,581 shares of the company's stock, valued at $32,450,151.93. This trade represents a 7.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,996 shares of company stock worth $4,190,814 in the last three months. 0.21% of the stock is owned by insiders.

Twilio Trading Up 3.3%

Shares of NYSE:TWLO traded up $3.90 during midday trading on Thursday, reaching $120.41. The company's stock had a trading volume of 1,607,187 shares, compared to its average volume of 2,626,477. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of -573.38, a price-to-earnings-growth ratio of 3.65 and a beta of 1.30. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $113.17 and a 200 day moving average price of $111.65. Twilio Inc. has a 1 year low of $55.38 and a 1 year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $0.80 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts forecast 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.