Sumitomo Mitsui Trust Group Inc. Sells 11,187 Shares of Twilio Inc. (NYSE:TWLO)

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 335,974 shares of the technology company's stock after selling 11,187 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Twilio worth $32,895,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its position in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of Twilio during the 4th quarter worth about $301,258,000. Norges Bank acquired a new stake in shares of Twilio during the 4th quarter worth about $222,146,000. Two Sigma Investments LP boosted its holdings in shares of Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after buying an additional 1,048,619 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new position in Twilio in the 4th quarter valued at about $111,312,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TWLO has been the subject of several research reports. UBS Group cut their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Twilio in a research note on Friday, May 16th. Mizuho reduced their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Robert W. Baird lowered their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group lifted their target price on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One research 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 stock. According to MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.39.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 20,008 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 260,581 shares in the company, valued at approximately $32,450,151.93. This represents a 7.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the business's 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 owned 33,488 shares in the company, valued at $4,019,564.64. This represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,996 shares of company stock worth $4,190,814 in the last three months. 0.21% of the stock is owned by corporate insiders.

Twilio Price Performance

Shares of TWLO stock traded up $3.90 during trading hours on Friday, reaching $120.41. The company's stock had a trading volume of 1,607,202 shares, compared to its average volume of 2,636,759. Twilio Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $151.95. The firm's 50 day simple moving average is $114.21 and its 200-day simple moving average is $111.82. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of -573.38, a PEG ratio of 3.74 and a beta of 1.30.

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. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. Twilio's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. Sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Twilio 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.