Vanguard Group Inc. Sells 211,325 Shares of Twilio Inc. (NYSE:TWLO)

Vanguard Group Inc. cut its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,996,353 shares of the technology company's stock after selling 211,325 shares during the quarter. Vanguard Group Inc. owned 9.83% of Twilio worth $1,468,293,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Thoroughbred Financial Services LLC boosted its holdings in shares of Twilio by 118.0% during the first quarter. Thoroughbred Financial Services LLC now owns 13,518 shares of the technology company's stock worth $1,323,000 after purchasing an additional 7,318 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of Twilio by 13.5% during the first quarter. Westfield Capital Management Co. LP now owns 818,964 shares of the technology company's stock worth $80,185,000 after acquiring an additional 97,337 shares in the last quarter. J. Safra Sarasin Holding AG boosted its position in Twilio by 50.6% during the first quarter. J. Safra Sarasin Holding AG now owns 26,404 shares of the technology company's stock valued at $2,585,000 after purchasing an additional 8,866 shares during the last quarter. Bank of Nova Scotia grew its stake in Twilio by 502.1% in the first quarter. Bank of Nova Scotia now owns 32,341 shares of the technology company's stock valued at $3,167,000 after purchasing an additional 26,970 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Twilio by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,322 shares of the technology company's stock worth $1,109,000 after purchasing an additional 892 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Performance

TWLO traded up $2.65 on Tuesday, hitting $95.09. 6,241,024 shares of the stock traded hands, compared to its average volume of 3,896,618. The business has a fifty day moving average price of $120.94 and a two-hundred day moving average price of $113.91. The company has a current ratio of 4.90, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $14.52 billion, a PE ratio of 792.48, a P/E/G ratio of 2.95 and a beta of 1.23. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The business's revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS. On average, research analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of research reports. Wall Street Zen downgraded Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and increased their target price for the stock from $77.00 to $99.00 in a research report on Monday, May 5th. Piper Sandler boosted their price target on Twilio from $140.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday. JMP Securities reiterated a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company cut their price objective on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $126.74.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were 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 owned 260,581 shares in the company, valued at $32,450,151.93. The trade was a 7.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the transaction, the director owned 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,888 shares of company stock valued at $6,753,409. 4.50% of the stock is currently 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.