Twilio Inc. (NYSE:TWLO) Stock Position Lessened by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,017 shares of the technology company's stock after selling 115,984 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.18% of Twilio worth $29,508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TWLO. Ritholtz Wealth Management acquired a new stake in shares of Twilio during the fourth quarter worth about $344,000. Bleakley Financial Group LLC purchased a new stake in Twilio during the 4th quarter valued at approximately $230,000. Aigen Investment Management LP lifted its position in Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after acquiring an additional 5,188 shares during the period. Highland Capital Management LLC purchased a new position in shares of Twilio in the 4th quarter valued at approximately $912,000. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Twilio in the fourth quarter valued at approximately $860,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Up 1.7%

Shares of TWLO traded up $1.96 during mid-day trading on Friday, reaching $116.19. 3,345,868 shares of the stock traded hands, compared to its average volume of 2,673,568. The stock has a fifty day simple moving average of $96.78 and a 200 day simple moving average of $107.77. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of -181.54, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $0.80 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at approximately $25,704,758.29. This trade represents a 4.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,751 shares of company stock worth $4,476,830. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TWLO. Oppenheimer increased their price target on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Mizuho cut their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Monness Crespi & Hardt lifted their target price on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a report on Monday, January 27th. Scotiabank boosted their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $124.41.

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.