Twilio Inc. (NYSE:TWLO) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 20.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,406 shares of the technology company's stock after selling 19,074 shares during the quarter. Vontobel Holding Ltd.'s holdings in Twilio were worth $5,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC boosted its stake in shares of Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock valued at $26,000 after buying an additional 247 shares during the period. RVW Wealth LLC purchased a new position in shares of Twilio in the 3rd quarter valued at about $30,000. Optimum Investment Advisors boosted its stake in shares of Twilio by 68.3% in the 3rd quarter. Optimum Investment Advisors now owns 505 shares of the technology company's stock valued at $30,000 after buying an additional 205 shares during the period. Covestor Ltd boosted its stake in shares of 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. Finally, Quarry LP boosted its stake in shares of Twilio by 328.2% in the 2nd quarter. Quarry LP now owns 561 shares of the technology company's stock valued at $36,000 after buying an additional 430 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Price Performance

Shares of NYSE:TWLO traded down $0.33 on Thursday, hitting $58.41. The company had a trading volume of 2,145,168 shares, compared to its average volume of 3,335,358. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $78.16. The business has a 50 day moving average of $61.02 and a 200 day moving average of $63.88. The company has a market cap of $10.57 billion, a PE ratio of -10.54 and a beta of 1.35.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. As a group, equities analysts anticipate that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now directly owns 167,101 shares in the company, valued at $10,529,034.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares in the company, valued at $20,874,561.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 1,694 shares of the 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 completion of the sale, the chief financial officer now owns 167,101 shares of the company's stock, valued at approximately $10,529,034.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TWLO has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Twilio from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 6th. HSBC cut Twilio from a "hold" rating to a "reduce" rating and decreased their target price for the stock from $62.00 to $61.00 in a research note on Wednesday, February 14th. Robert W. Baird boosted their target price on Twilio from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. The Goldman Sachs Group boosted their price objective on Twilio from $69.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, March 6th. Finally, Northland Securities cut Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 price objective for the company. in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Twilio has an average 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.