Nuveen Asset Management LLC Sells 61,689 Shares of Twilio Inc. (NYSE:TWLO)

Nuveen Asset Management LLC decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 435,003 shares of the technology company's stock after selling 61,689 shares during the period. Nuveen Asset Management LLC owned approximately 0.28% of Twilio worth $47,015,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after buying an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. bought a new stake in Twilio during the fourth quarter worth about $301,258,000. Norges Bank bought a new stake in Twilio during the fourth quarter worth about $222,146,000. Northern Trust Corp lifted its stake in Twilio by 9.5% during the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock worth $119,855,000 after purchasing an additional 96,010 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Twilio by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock worth $109,056,000 after purchasing an additional 99,786 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 7,524 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the transaction, the chief executive officer now owns 280,589 shares of the company's stock, 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. Over the last 90 days, insiders sold 47,284 shares of company stock worth $4,520,567. 0.21% of the stock is owned by corporate insiders.

Twilio Price Performance

TWLO opened at $116.07 on Tuesday. The stock has a fifty day simple moving average of $97.05 and a two-hundred day simple moving average of $108.18. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $17.72 billion, a price-to-earnings ratio of -181.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. Research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TWLO shares. Tigress Financial reaffirmed a "buy" rating and set a $170.00 price target on shares of Twilio in a research note on Thursday, May 8th. UBS Group dropped their price target on Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. William Blair reaffirmed an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. The Goldman Sachs Group increased their target price on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.

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