Lecap Asset Management Ltd. Cuts Holdings in Twilio Inc. (NYSE:TWLO)

Lecap Asset Management Ltd. lessened its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 73.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,789 shares of the technology company's stock after selling 21,765 shares during the period. Lecap Asset Management Ltd.'s holdings in Twilio were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TWLO. UMB Bank n.a. bought a new position in shares of Twilio during the 1st quarter worth about $37,000. CX Institutional acquired a new position in Twilio during the 1st quarter worth approximately $39,000. Parkside Financial Bank & Trust boosted its holdings in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 166 shares in the last quarter. Private Trust Co. NA boosted its holdings in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after acquiring an additional 360 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Twilio by 1,778.6% in the first quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after acquiring an additional 498 shares during the period. 84.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TWLO. Piper Sandler upped their price objective on shares of Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group cut their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group set a $132.00 target price on shares of Twilio and gave the stock a "hold" rating in a research report on Sunday, June 15th. KeyCorp began coverage on Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 target price for the company. Finally, Tigress Financial reiterated a "buy" rating and set a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Twilio has an average rating of "Moderate Buy" and a consensus price target of $126.39.

Twilio Price Performance

NYSE TWLO traded up $1.86 during trading on Friday, reaching $123.29. The company's stock had a trading volume of 277,029 shares, compared to its average volume of 2,614,558. The firm has a fifty day moving average of $110.28 and a 200 day moving average of $111.42. Twilio Inc. has a one year low of $55.00 and a one year high of $151.95. The stock has a market capitalization of $18.82 billion, a PE ratio of -586.28, a P/E/G ratio of 3.73 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results 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. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.80 EPS. Twilio's revenue was up 12.0% compared to the same quarter last year. Analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director now directly owns 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,884 shares of company stock valued at $4,719,065 over the last quarter. 0.21% of the stock is owned by company 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.