Lazard Asset Management LLC Cuts Holdings in Twilio Inc. (NYSE:TWLO)

Lazard Asset Management LLC reduced its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,672 shares of the technology company's stock after selling 13,744 shares during the quarter. Lazard Asset Management LLC's holdings in Twilio were worth $829,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its position 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 valued at $41,000 after buying an additional 266 shares in the last quarter. Parkside Financial Bank & Trust increased its position 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 valued at $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $44,000. Private Trust Co. NA increased its position 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 valued at $49,000 after buying an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $75,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Down 1.9%

NYSE TWLO traded down $2.17 on Friday, reaching $113.71. 1,957,920 shares of the company were exchanged, compared to its average volume of 2,680,001. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The business's fifty day moving average price is $98.13 and its 200 day moving average price is $108.48. The stock has a market capitalization of $17.36 billion, a P/E ratio of -177.67, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,784 shares of company stock valued at $4,226,942 in the last quarter. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TWLO. Oppenheimer boosted their price objective on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Barclays boosted their price target on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. The Goldman Sachs Group boosted their price target on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Mizuho dropped their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and boosted their price target for the stock from $77.00 to $99.00 in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $124.41.

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.