Twilio Inc. (NYSE:TWLO) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 32.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,779 shares of the technology company's stock after selling 5,284 shares during the quarter. Kintegral Advisory LLC's holdings in Twilio were worth $1,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Telemark Asset Management LLC bought a new position in Twilio in the 4th quarter worth approximately $5,404,000. Horizon Financial Services LLC grew its stake in Twilio by 9,692.0% during the first quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company's stock valued at $240,000 after acquiring an additional 2,423 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Twilio by 198.2% in the 1st quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock valued at $791,000 after acquiring an additional 5,368 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in Twilio in the 4th quarter worth $501,000. Finally, US Bancorp DE lifted its position in shares of Twilio by 23.4% in the fourth quarter. US Bancorp DE now owns 5,907 shares of the technology company's stock worth $638,000 after buying an additional 1,120 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Up 3.3%

NYSE TWLO traded up $3.90 on Friday, reaching $120.41. 1,607,202 shares of the stock traded hands, compared to its average volume of 2,631,933. Twilio Inc. has a 12 month low of $55.38 and a 12 month high of $151.95. The company has a market cap of $18.38 billion, a price-to-earnings ratio of -573.38, a PEG ratio of 3.74 and a beta of 1.30. The company has a fifty day moving average price of $114.21 and a 200-day moving average price of $111.78. 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 (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The firm's quarterly revenue was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

TWLO has been the topic of several recent research reports. HSBC raised Twilio from a "reduce" rating to a "hold" rating and upped their price objective for the stock from $77.00 to $99.00 in a report on Monday, May 5th. Tigress Financial reiterated a "buy" rating and issued a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. UBS Group reduced their price objective on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the company a "hold" rating in a research note on Sunday, June 15th. Finally, Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.39.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 20,008 shares of Twilio stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer owned 260,581 shares in the company, valued at $32,450,151.93. The trade was a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director owned 33,488 shares in the company, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,996 shares of company stock valued at $4,190,814. Company insiders own 0.21% of the company's stock.

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.