King Luther Capital Management Corp Sells 15,739 Shares of Twilio Inc. (NYSE:TWLO)

Key Points

• King Luther Capital Management Corp has reduced its holdings in Twilio Inc. by 8.7%, now owning 164,178 shares valued at approximately $16.08 million.
• Notable increases in holdings were made by other investors, such as Bank of Nova Scotia which raised its position by 502.1% during the same quarter.
• Twilio reported $1.19 EPS for the last quarter, exceeding analyst expectations of $1.02, with revenue increasing 13.5% year-over-year.

King Luther Capital Management Corp cut its position in Twilio Inc. (NYSE:TWLO - Free Report) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,178 shares of the technology company's stock after selling 15,739 shares during the quarter. King Luther Capital Management Corp owned 0.11% of Twilio worth $16,075,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after acquiring an additional 623 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Twilio by 13.0% during the fourth quarter. Wellington Management Group LLP now owns 5,937 shares of the technology company's stock worth $642,000 after acquiring an additional 685 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Twilio by 101.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 46,993 shares of the technology company's stock worth $5,079,000 after acquiring an additional 23,608 shares during the last quarter. Invesco Ltd. increased its holdings in Twilio by 38.5% in the fourth quarter. Invesco Ltd. now owns 501,326 shares of the technology company's stock worth $54,183,000 after purchasing an additional 139,384 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Twilio in the fourth quarter worth approximately $25,778,000. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank lifted their target price on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. UBS Group lowered their target price on Twilio from $150.00 to $135.00 and set a "buy" rating for the company in a report on Friday. HSBC upgraded Twilio from a "reduce" rating to a "hold" rating and lifted their target price for the stock from $77.00 to $99.00 in a report on Monday, May 5th. Robert W. Baird reduced their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, JMP Securities reissued a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $126.74.

Twilio Stock Performance

TWLO stock traded up $2.65 during midday trading on Tuesday, hitting $95.09. The company's stock had a trading volume of 6,241,024 shares, compared to its average volume of 3,896,618. The stock's 50-day moving average price is $120.94 and its 200 day moving average price is $113.91. The company has a quick ratio of 4.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1 year low of $56.85 and a 1 year high of $151.95. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 792.48, a PEG ratio of 2.95 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. Twilio had a return on equity of 2.78% and a net margin of 0.43%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business's revenue was up 13.5% on a year-over-year basis. On average, equities analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Insiders Place Their Bets

In other Twilio news, 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 transaction, the director owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total value of $971,163.85. Following the completion of the transaction, the chief financial officer directly owned 147,823 shares in the company, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,888 shares of company stock valued at $6,753,409. Insiders own 4.50% of the company's stock.

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.