Twilio Inc. (NYSE:TWLO) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,655 shares of the technology company's stock after selling 23,418 shares during the quarter. Blair William & Co. IL owned 0.13% of Twilio worth $19,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jericho Capital Asset Management L.P. acquired a new stake in shares of Twilio during the fourth quarter worth about $301,258,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Twilio by 26.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company's stock valued at $173,190,000 after acquiring an additional 331,202 shares during the period. Two Sigma Investments LP lifted its holdings in Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after acquiring an additional 1,048,619 shares during the period. Northern Trust Corp lifted its holdings in Twilio by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock valued at $119,855,000 after acquiring an additional 96,010 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new position in Twilio in the fourth quarter valued at approximately $111,312,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Up 3.5%

Shares of TWLO opened at $125.37 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. Twilio Inc. has a one year low of $56.85 and a one year high of $151.95. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of -597.00, a PEG ratio of 3.66 and a beta of 1.23. The stock has a 50 day moving average price of $121.80 and a 200 day moving average price of $114.17.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TWLO. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Jefferies Financial Group set a $132.00 price target on Twilio and gave the company a "hold" rating in a report on Sunday, June 15th. Piper Sandler boosted their price target on Twilio from $121.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Tigress Financial reissued a "buy" rating and issued a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $127.22.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 13,595 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the sale, the chief executive officer directly owned 246,986 shares in the company, valued at $28,912,181.16. This represents a 5.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 8,297 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the completion of the sale, the chief financial officer owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,888 shares of company stock worth $6,753,409. 4.50% of the stock is owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.