Twilio Inc. (NYSE:TWLO) Position Increased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Twilio Inc by 68.3%, acquiring 3,408 additional shares, bringing its total holdings to 8,396 shares valued at $822,000.
• Twilio's stock has experienced a 6.1% decline, currently trading at $121.14, with a market cap of $18.49 billion and projections from analysts showing varying price targets and ratings.
• Insider transactions indicate a significant sell-off, with CFO Aidan Viggiano selling 8,297 shares worth $971,164, resulting in a decrease in ownership of 5.31%.

XTX Topco Ltd grew its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 68.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,396 shares of the technology company's stock after acquiring an additional 3,408 shares during the period. XTX Topco Ltd's holdings in Twilio were worth $822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TWLO. Concurrent Investment Advisors LLC raised its position in Twilio by 211.8% in the first quarter. Concurrent Investment Advisors LLC now owns 5,878 shares of the technology company's stock valued at $575,000 after purchasing an additional 3,993 shares during the period. Horizon Financial Services LLC grew its stake in shares of Twilio by 9,692.0% in the first quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company's stock valued at $240,000 after buying an additional 2,423 shares in the last quarter. Alpha Cubed Investments LLC raised its holdings in shares of Twilio by 53.7% during the 1st quarter. Alpha Cubed Investments LLC now owns 16,866 shares of the technology company's stock valued at $1,651,000 after buying an additional 5,896 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Twilio during the 1st quarter worth approximately $294,000. Finally, QRG Capital Management Inc. boosted its holdings in Twilio by 198.2% in the 1st quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock worth $791,000 after acquiring an additional 5,368 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. KeyCorp began coverage on shares of Twilio in a research note on Friday, June 6th. They set an "overweight" rating and a $146.00 price target on the stock. HSBC raised shares of Twilio from a "reduce" rating to a "hold" rating and upped their price objective for the company from $77.00 to $99.00 in a research report on Monday, May 5th. Robert W. Baird dropped their target price on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $127.22.

Insider Activity

In other news, CFO Aidan Viggiano sold 8,297 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the completion of the sale, the chief financial officer directly owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Erika Rottenberg sold 4,100 shares of the 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 directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,888 shares of company stock valued at $6,753,409. Insiders own 0.21% of the company's stock.

Twilio Stock Performance

Shares of TWLO stock traded up $5.79 during trading hours on Wednesday, reaching $130.44. The stock had a trading volume of 3,188,012 shares, compared to its average volume of 2,645,946. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The firm has a 50-day simple moving average of $121.96 and a 200-day simple moving average of $114.25. The firm has a market capitalization of $19.91 billion, a PE ratio of -621.12, a price-to-earnings-growth ratio of 3.77 and a beta of 1.23. Twilio Inc. has a twelve month low of $56.85 and a twelve month high of $151.95.

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.