Universal Beteiligungs und Servicegesellschaft mbH Sells 5,981 Shares of Twilio Inc. (NYSE:TWLO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Twilio Inc. by 7.3%, holding a total of 76,059 shares worth $7.45 million after selling 5,981 shares.
• Twilio's recent quarterly earnings report showed an EPS of $1.14, exceeding estimates, with revenue reaching $1.17 billion, up by 12% year over year.
• Analysts have varied opinions on Twilio, with ratings ranging from a sell to a strong buy, and a consensus price target of $127.22 for the stock.

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,059 shares of the technology company's stock after selling 5,981 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Twilio were worth $7,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in Twilio during the 4th quarter worth about $301,258,000. Norges Bank bought a new stake in Twilio during the 4th quarter worth about $222,146,000. Two Sigma Investments LP increased its position in Twilio by 1,292.9% in the 4th 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 in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in Twilio in the 4th quarter valued at about $111,312,000. Institutional investors own 84.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Twilio from $121.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Mizuho reduced their price objective on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. Jefferies Financial Group set a $132.00 price objective on shares of Twilio and gave the company a "hold" rating in a report on Sunday, June 15th. Finally, Morgan Stanley reduced their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. 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 assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.22.

Twilio Stock Performance

Shares of TWLO traded up $0.55 during midday trading on Monday, reaching $131.61. The stock had a trading volume of 1,113,634 shares, compared to its average volume of 2,872,486. The firm has a market cap of $20.09 billion, a PE ratio of -626.70, a P/E/G ratio of 4.08 and a beta of 1.30. The firm has a 50 day simple moving average of $120.26 and a 200-day simple moving average of $113.44. Twilio Inc. has a one year low of $56.16 and a one year high of $151.95. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned $0.80 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of Twilio 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 of the company's stock, valued at $17,302,682.15. This represents a 5.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,888 shares of company stock worth $6,753,409. Corporate insiders own 0.21% of the company's stock.

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.