Sumitomo Mitsui Trust Holdings Inc. Sells 89,175 Shares of Twilio Inc. (NYSE:TWLO)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,046,445 shares of the technology company's stock after selling 89,175 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 3.34% of Twilio worth $458,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in Twilio by 18.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company's stock valued at $114,000 after buying an additional 109 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its position in Twilio by 8.3% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company's stock valued at $285,000 after buying an additional 133 shares during the period. Covestor Ltd boosted its position in Twilio by 419.5% in the 1st quarter. Covestor Ltd now owns 213 shares of the technology company's stock valued at $35,000 after buying an additional 172 shares during the period. Blue Zone Wealth Advisors LLC boosted its position in Twilio by 4.0% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company's stock valued at $359,000 after buying an additional 181 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Twilio by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company's stock valued at $4,229,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 0.8 %

Shares of NYSE:TWLO traded down $0.48 during trading on Friday, reaching $60.85. The stock had a trading volume of 2,192,116 shares, compared to its average volume of 2,580,178. The business has a fifty day moving average price of $61.88 and a 200-day moving average price of $63.94. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The stock has a market cap of $11.02 billion, a P/E ratio of -10.98 and a beta of 1.35. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Twilio from $82.00 to $74.00 and set a "buy" rating on the stock in a report on Wednesday, March 6th. TD Cowen cut their price target on shares of Twilio from $72.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 6th. Wells Fargo & Company dropped their price objective on shares of Twilio from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 6th. Royal Bank of Canada restated an "underperform" rating and issued a $50.00 price objective on shares of Twilio in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus lowered their target price on shares of Twilio from $70.00 to $60.00 and set a "hold" rating on the stock in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Twilio has an average rating of "Hold" and a consensus price target of $68.90.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 1,694 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares of the company's stock, valued at $10,529,034.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Dana Wagner sold 458 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the sale, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of the firm's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the sale, the chief financial officer now owns 167,101 shares of the company's stock, valued at $10,529,034.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,958 shares of company stock valued at $1,910,447. Insiders own 4.20% of the company's stock.

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.