Gateway Investment Advisers LLC Reduces Stock Position in Twilio Inc. (NYSE:TWLO)

Gateway Investment Advisers LLC decreased its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 52.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,672 shares of the technology company's stock after selling 17,276 shares during the quarter. Gateway Investment Advisers LLC's holdings in Twilio were worth $1,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TWLO. JFS Wealth Advisors LLC boosted its holdings in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Twilio in the fourth quarter worth approximately $44,000. Private Trust Co. NA boosted its holdings in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after buying an additional 360 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Twilio by 1,778.6% in the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock worth $52,000 after buying an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TWLO. The Goldman Sachs Group raised their price objective on shares of Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Scotiabank raised their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Piper Sandler raised their target price on shares of Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. William Blair restated an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Finally, KeyCorp started coverage on shares of Twilio in a research note on Friday. They set an "overweight" rating and a $146.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and an average price target of $125.35.

Insider Buying and Selling at Twilio

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the transaction, the director now owns 33,488 shares in the company, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at $16,936,243.20. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock worth $4,719,065 over the last quarter. Insiders own 0.21% of the company's stock.

Twilio Trading Up 0.9%

Shares of TWLO opened at $121.86 on Monday. The company's fifty day moving average is $101.65 and its 200 day moving average is $110.39. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a market capitalization of $18.60 billion, a PE ratio of -190.41, a P/E/G ratio of 4.30 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal 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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