Man Group plc Cuts Stock Position in Twilio Inc. (NYSE:TWLO)

Man Group plc lowered its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 654,415 shares of the technology company's stock after selling 180,956 shares during the period. Man Group plc owned approximately 0.43% of Twilio worth $70,729,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of TWLO. M&T Bank Corp boosted its stake in Twilio by 1.0% in the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after buying an additional 85 shares in the last quarter. Allworth Financial LP boosted its stake in Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after buying an additional 94 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after buying an additional 104 shares in the last quarter. Freestone Capital Holdings LLC boosted its stake in Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after buying an additional 124 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Twilio by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,391 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the sale, the chief executive officer now owns 280,589 shares of the company's stock, valued at $25,704,758.29. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,751 shares of company stock worth $4,476,830 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent research reports. Robert W. Baird cut their price target on Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Tigress Financial reissued a "buy" rating and set a $170.00 price target on shares of Twilio in a research note on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Morgan Stanley cut their price objective on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Monness Crespi & Hardt lifted their price objective on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.41.

Twilio Stock Up 1.7%

Shares of NYSE TWLO traded up $1.96 during midday trading on Friday, hitting $116.19. 3,345,868 shares of the stock traded hands, compared to its average volume of 2,669,592. The company has a market cap of $17.73 billion, a PE ratio of -181.54, a P/E/G ratio of 4.30 and a beta of 1.44. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The business has a 50 day moving average price of $96.78 and a two-hundred day moving average price of $107.51. 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 (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

About Twilio

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.