RJA Asset Management LLC Sells 159,200 Shares of Twilio Inc. (NYSE:TWLO)

RJA Asset Management LLC lowered its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 88.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,082 shares of the technology company's stock after selling 159,200 shares during the quarter. Twilio accounts for about 0.6% of RJA Asset Management LLC's investment portfolio, making the stock its 4th biggest position. RJA Asset Management LLC's holdings in Twilio were worth $1,966,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TWLO. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Twilio by 231.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 97,631 shares of the technology company's stock worth $9,559,000 after buying an additional 68,149 shares during the last quarter. Ritholtz Wealth Management lifted its position in Twilio by 359.1% during the 1st quarter. Ritholtz Wealth Management now owns 14,632 shares of the technology company's stock worth $1,433,000 after buying an additional 11,445 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Twilio by 19.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,970 shares of the technology company's stock worth $2,249,000 after acquiring an additional 3,763 shares during the last quarter. Polianta Ltd acquired a new stake in shares of Twilio in the first quarter valued at approximately $1,057,000. Finally, Noble Wealth Management PBC bought a new position in Twilio in the 1st quarter valued at $157,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of research reports. Piper Sandler lifted their price objective on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Tigress Financial reissued a "buy" rating and set a $170.00 price target on shares of Twilio in a research note on Thursday, May 8th. Jefferies Financial Group set a $132.00 target price on shares of Twilio and gave the stock a "hold" rating in a report on Sunday. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Robert W. Baird reduced their price target on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $126.39.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,924 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $112.75, for a total transaction of $216,931.00. Following the transaction, the chief financial officer now directly owns 165,982 shares of the company's stock, valued at approximately $18,714,470.50. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction that occurred on 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 directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock valued at $4,719,065 over the last ninety days. 0.21% of the stock is currently owned by company insiders.

Twilio Stock Up 0.2%

NYSE:TWLO traded up $0.28 on Thursday, hitting $116.60. 1,970,018 shares of the company's stock were exchanged, compared to its average volume of 2,653,085. The firm has a 50-day moving average price of $106.35 and a 200-day moving average price of $111.03. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The company has a market cap of $17.80 billion, a P/E ratio of -555.23, a price-to-earnings-growth ratio of 3.62 and a beta of 1.30.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts expect that Twilio Inc. will post 1.44 EPS 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.