Swiss National Bank Decreases Holdings in Twilio Inc. (NYSE:TWLO)

Key Points

• Swiss National Bank has reduced its holdings in Twilio Inc. by 4.6%, selling 20,000 shares to now own 411,000 shares valued at approximately $40.2 million.
• Several hedge funds, including Woodward Diversified Capital and Tower Research Capital, have increased their positions in Twilio, indicating continued institutional interest in the company.
• Twilio recently reported better-than-expected quarterly earnings of $1.19 per share, surpassing analyst estimates of $1.02, with revenue rising 13.5% year over year to $1.23 billion.

Swiss National Bank decreased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 411,000 shares of the technology company's stock after selling 20,000 shares during the quarter. Swiss National Bank owned 0.27% of Twilio worth $40,241,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Twilio by 10.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 132,825 shares of the technology company's stock valued at $13,005,000 after buying an additional 13,067 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Twilio by 3.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,271,273 shares of the technology company's stock valued at $124,470,000 after buying an additional 41,896 shares during the period. ASR Vermogensbeheer N.V. acquired a new position in shares of Twilio in the first quarter valued at approximately $716,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Twilio in the first quarter valued at approximately $46,000. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Twilio by 118.0% in the first quarter. Thoroughbred Financial Services LLC now owns 13,518 shares of the technology company's stock valued at $1,323,000 after buying an additional 7,318 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Up 4.9%

Shares of NYSE:TWLO traded up $4.94 during trading on Friday, reaching $105.78. 10,050,820 shares of the stock were exchanged, compared to its average volume of 4,061,799. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.90 and a quick ratio of 4.78. Twilio Inc. has a 1-year low of $56.85 and a 1-year high of $151.95. The stock has a fifty day moving average of $119.85 and a two-hundred day moving average of $113.28. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 881.57, a price-to-earnings-growth ratio of 3.22 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. Twilio had a return on equity of 2.78% and a net margin of 0.43%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. Twilio's revenue for the quarter was up 13.5% on a year-over-year basis. Research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 8,297 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the transaction, the chief financial officer directly owned 147,823 shares in the company, valued at approximately $17,302,682.15. This trade represents a 5.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director owned 33,488 shares in the company, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,964 shares of company stock worth $6,536,478. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TWLO shares. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Twilio in a report on Friday, May 16th. Wells Fargo & Company reduced their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler upped their target price on Twilio from $140.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Tigress Financial reiterated a "buy" rating and issued a $170.00 target price 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 given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Twilio presently has an average rating of "Moderate Buy" and an average price target of $126.74.

Twilio Company 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.