Tairen Capital Ltd Sells 51,400 Shares of Twilio Inc. (NYSE:TWLO)

Tairen Capital Ltd decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 91.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,500 shares of the technology company's stock after selling 51,400 shares during the period. Tairen Capital Ltd's holdings in Twilio were worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. M&T Bank Corp raised its holdings in shares of Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after acquiring an additional 85 shares in the last quarter. Allworth Financial LP increased its position in shares of Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock worth $165,000 after purchasing an additional 94 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after purchasing an additional 104 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after purchasing an additional 124 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in Twilio by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after purchasing an additional 135 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Trading Up 1.2%

Shares of NYSE TWLO traded up $1.35 during mid-day trading on Thursday, hitting $115.90. The stock had a trading volume of 1,865,609 shares, compared to its average volume of 2,676,019. The business has a 50 day moving average price of $97.82 and a two-hundred day moving average price of $108.28. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market cap of $17.69 billion, a P/E ratio of -181.09, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, equities analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Ratings Changes

TWLO has been the topic of a number of research analyst reports. Mizuho decreased their price target on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. Royal Bank of Canada reissued an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research note on Wednesday, March 19th. Wall Street Zen raised Twilio from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. Finally, William Blair reiterated an "outperform" rating on shares of Twilio in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and an average target price of $124.41.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 14,545 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was 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 of the company's stock, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,924 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the completion of the sale, the chief financial officer now directly owns 165,982 shares of the company's stock, valued at $18,714,470.50. The trade was a 1.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,284 shares of company stock valued at $4,520,567 over the last ninety days. 0.21% of the stock is owned by insiders.

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.