Mackenzie Financial Corp Sells 6,307 Shares of Twilio Inc. (NYSE:TWLO)

Mackenzie Financial Corp lowered its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 32.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,243 shares of the technology company's stock after selling 6,307 shares during the quarter. Mackenzie Financial Corp's holdings in Twilio were worth $1,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC raised its position in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Twilio during the fourth quarter worth $44,000. Private Trust Co. NA raised its holdings in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after purchasing an additional 360 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Twilio during the fourth quarter worth about $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Price Performance

Twilio stock traded down $2.10 during mid-day trading on Tuesday, hitting $117.50. The company's stock had a trading volume of 2,107,312 shares, compared to its average volume of 3,090,091. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $17.93 billion, a P/E ratio of -183.77, a P/E/G ratio of 4.30 and a beta of 1.44. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock's fifty day moving average price is $99.99 and its two-hundred day moving average price is $109.78.

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

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of Twilio 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 transaction, the chief financial officer now owns 176,640 shares of the company's stock, valued at $16,936,243.20. The trade was a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 14,545 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at $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. In the last three months, insiders have sold 44,784 shares of company stock worth $4,226,942. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on TWLO shares. Jefferies Financial Group dropped their target price on Twilio from $145.00 to $108.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Morgan Stanley dropped their price objective on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. 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. Finally, Robert W. Baird dropped their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $124.41.

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.