Diversified Trust Co Lowers Position in Twilio Inc. (NYSE:TWLO)

Diversified Trust Co decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 48.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its stake in Twilio by 9.2% during the first quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock worth $202,000 after purchasing an additional 174 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Twilio by 4.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 897,041 shares of the technology company's stock valued at $87,829,000 after buying an additional 39,518 shares in the last quarter. Consolidated Planning Corp bought a new stake in Twilio in the 1st quarter worth approximately $4,205,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Twilio in the first quarter worth approximately $436,000. Finally, Kentucky Retirement Systems purchased a new stake in Twilio in the first quarter worth approximately $1,022,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 8,735 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $800,213.35. Following the sale, the chief financial officer now owns 167,905 shares in the company, valued at approximately $15,381,777.05. The trade was a 4.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 14,545 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the transaction, the chief executive officer now owns 280,589 shares of the company's stock, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,304 shares of company stock valued at $2,841,735 over the last ninety days. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group set a $132.00 price target on shares of Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. UBS Group decreased their target price on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. KeyCorp initiated coverage on shares of Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price target for the company. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Finally, HSBC raised Twilio from a "reduce" rating to a "hold" rating and boosted their target price for the company from $77.00 to $99.00 in a research note on Monday, May 5th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.39.

Twilio Trading Up 1.2%

Shares of TWLO opened at $122.92 on Monday. Twilio Inc. has a 1-year low of $55.38 and a 1-year high of $151.95. 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 firm's 50-day moving average price is $111.05 and its 200-day moving average price is $111.49. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of -585.31, a PEG ratio of 3.82 and a beta of 1.30.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share 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 period in the previous year, the firm posted $0.80 EPS. The business's revenue was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

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.

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