Twilio Inc. (NYSE:TWLO) Holdings Cut by Formula Growth Ltd.

Formula Growth Ltd. reduced its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 55.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,688 shares of the technology company's stock after selling 31,000 shares during the quarter. Formula Growth Ltd.'s holdings in Twilio were worth $2,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TWLO. Forum Financial Management LP acquired a new position in shares of Twilio in the 4th quarter worth approximately $492,000. GeoWealth Management LLC lifted its stake in Twilio by 59.3% during the fourth quarter. GeoWealth Management LLC now owns 943 shares of the technology company's stock worth $102,000 after purchasing an additional 351 shares during the last quarter. Commerce Bank boosted its holdings in Twilio by 725.7% in the fourth quarter. Commerce Bank now owns 27,273 shares of the technology company's stock worth $2,948,000 after purchasing an additional 23,970 shares during the period. Farringdon Capital Ltd. bought a new stake in Twilio during the fourth quarter valued at $309,000. Finally, Zacks Investment Management raised its holdings in shares of Twilio by 211.0% during the fourth quarter. Zacks Investment Management now owns 161,472 shares of the technology company's stock worth $17,452,000 after purchasing an additional 109,556 shares during the period. Institutional investors own 84.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TWLO. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $115.00 to $160.00 in a research report on Friday, January 24th. William Blair reaffirmed an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Tigress Financial raised their price target on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. JMP Securities restated a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a research note on Friday, February 14th. Finally, Baird R W raised Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.30.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 in the last quarter. 4.50% of the stock is owned by company insiders.

Twilio Price Performance

Shares of NYSE:TWLO traded up $5.90 during trading hours on Thursday, hitting $93.03. 1,057,192 shares of the company's stock traded hands, compared to its average volume of 3,103,530. The company's fifty day simple moving average is $100.60 and its two-hundred day simple moving average is $103.58. The company has a market cap of $14.20 billion, a price-to-earnings ratio of -145.51, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.