Baillie Gifford & Co. Sells 218,734 Shares of Twilio Inc. (NYSE:TWLO)

Baillie Gifford & Co. decreased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,863,887 shares of the technology company's stock after selling 218,734 shares during the period. Baillie Gifford & Co. owned about 2.13% of Twilio worth $293,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TWLO. Truvestments Capital LLC grew its holdings in Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock worth $26,000 after acquiring an additional 247 shares during the last quarter. Optimum Investment Advisors grew its stake in shares of Twilio by 68.3% during the third quarter. Optimum Investment Advisors now owns 505 shares of the technology company's stock valued at $30,000 after purchasing an additional 205 shares during the last quarter. RVW Wealth LLC acquired a new stake in shares of Twilio in the third quarter valued at approximately $30,000. Covestor Ltd raised its position in Twilio by 419.5% in the 1st quarter. Covestor Ltd now owns 213 shares of the technology company's stock worth $35,000 after purchasing an additional 172 shares during the last quarter. Finally, Quarry LP lifted its holdings in Twilio by 328.2% during the 2nd quarter. Quarry LP now owns 561 shares of the technology company's stock worth $36,000 after buying an additional 430 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Insider Activity

In other news, insider Dana Wagner sold 1,666 shares of Twilio stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the transaction, the insider now directly owns 130,456 shares in the company, valued at approximately $8,208,291.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares of the company's stock, valued at approximately $20,874,561.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 1,666 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the transaction, the insider now directly owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,958 shares of company stock valued at $1,910,447. 4.20% of the stock is owned by company insiders.

Twilio Stock Up 0.3 %

TWLO traded up $0.21 on Wednesday, hitting $61.82. 2,297,397 shares of the company were exchanged, compared to its average volume of 3,432,246. The stock's fifty day moving average is $62.43 and its 200-day moving average is $63.87. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $78.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The company has a market cap of $11.19 billion, a PE ratio of -11.16 and a beta of 1.35.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.04 billion. Equities research analysts predict that Twilio Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TWLO shares. Piper Sandler raised Twilio from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $75.00 to $82.00 in a research note on Friday, January 12th. Northland Securities downgraded Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 price objective for the company. in a report on Thursday, February 15th. HSBC lowered shares of Twilio from a "hold" rating to a "reduce" rating and cut their target price for the stock from $62.00 to $61.00 in a report on Wednesday, February 14th. Jefferies Financial Group decreased their target price on Twilio from $65.00 to $60.00 and set a "hold" rating for the company in a research note on Wednesday, March 6th. Finally, Needham & Company LLC raised their price target on Twilio from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $68.90.

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.