Twilio Inc. $TWLO Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in Twilio Inc. by 16.4%, owning 45,697 shares after selling 8,965 shares during the 1st quarter.
• Wellington Management Group LLP increased its position in Twilio by an astonishing 4,280.5%, now holding 260,069 shares worth approximately $25.5 million.
• Twilio reported earnings of $1.19 per share for the latest quarter, surpassing analysts' expectations and showing a 13.5% increase in revenue year-over-year.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in Twilio Inc. (NYSE:TWLO - Free Report) by 16.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 45,697 shares of the technology company's stock after selling 8,965 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Twilio were worth $4,474,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pinnacle Wealth Management LLC purchased a new stake in Twilio in the 1st quarter valued at about $586,000. Quantbot Technologies LP grew its holdings in Twilio by 102.8% in the first quarter. Quantbot Technologies LP now owns 38,821 shares of the technology company's stock valued at $3,801,000 after purchasing an additional 19,678 shares during the period. Wellington Management Group LLP increased its position in Twilio by 4,280.5% during the first quarter. Wellington Management Group LLP now owns 260,069 shares of the technology company's stock worth $25,463,000 after purchasing an additional 254,132 shares during the last quarter. Korea Investment CORP increased its position in Twilio by 28.5% during the first quarter. Korea Investment CORP now owns 197,068 shares of the technology company's stock worth $19,295,000 after purchasing an additional 43,748 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Twilio by 5.4% during the first quarter. Northern Trust Corp now owns 1,168,947 shares of the technology company's stock worth $114,452,000 after purchasing an additional 60,002 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Down 0.7%

Twilio stock opened at $104.94 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.90 and a current ratio of 4.90. Twilio Inc. has a one year low of $56.85 and a one year high of $151.95. The company has a 50-day simple moving average of $119.52 and a 200-day simple moving average of $112.51. The firm has a market capitalization of $16.02 billion, a P/E ratio of 874.57, a P/E/G ratio of 3.37 and a beta of 1.23.

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

Analyst Ratings Changes

TWLO has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. UBS Group lowered their price target on Twilio from $150.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Robert W. Baird cut their price objective on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Scotiabank lifted their price objective on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and an average price target of $126.74.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 8,297 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of the business's 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 sale, the chief executive officer directly owned 260,581 shares in the company, valued at $32,450,151.93. This represents a 7.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,964 shares of company stock worth $6,536,478. 0.21% of the stock is owned by company insiders.

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.

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