Twilio Inc. (NYSE:TWLO) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,610 shares of the technology company's stock after selling 106,670 shares during the quarter. Russell Investments Group Ltd.'s holdings in Twilio were worth $6,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in Twilio by 1.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 110,155 shares of the technology company's stock worth $6,447,000 after acquiring an additional 1,951 shares during the period. Raymond James & Associates lifted its position in Twilio by 10.0% during the third quarter. Raymond James & Associates now owns 41,632 shares of the technology company's stock worth $2,437,000 after purchasing an additional 3,786 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Twilio by 7.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 29,022 shares of the technology company's stock worth $1,699,000 after buying an additional 2,014 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Twilio in the 3rd quarter valued at about $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Twilio by 4.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,111 shares of the technology company's stock valued at $2,757,000 after buying an additional 1,881 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

NYSE TWLO traded up $0.85 during trading hours on Thursday, reaching $59.47. 3,823,024 shares of the stock traded hands, compared to its average volume of 3,234,963. The stock has a 50 day simple moving average of $60.69 and a two-hundred day simple moving average of $64.30. Twilio Inc. has a 1 year low of $45.02 and a 1 year high of $78.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The company has a market cap of $10.83 billion, a price-to-earnings ratio of -14.83 and a beta of 1.33.

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 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 during the quarter, compared to the consensus estimate of $1.04 billion. On average, analysts predict that Twilio Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TWLO. Oppenheimer reissued an "outperform" rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday, April 17th. JMP Securities reissued a "market outperform" rating and set a $110.00 price target on shares of Twilio in a report on Thursday, February 15th. StockNews.com downgraded Twilio from a "buy" rating to a "hold" rating in a research report on Wednesday, March 6th. Wells Fargo & Company decreased their target price on Twilio from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 6th. Finally, Robert W. Baird dropped their target price on shares of Twilio from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Twilio currently has a consensus rating of "Hold" and an average price target of $68.59.

Insider Activity

In other Twilio news, insider Dana Wagner sold 458 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were 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 of the company's stock, valued at $9,567,858.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Twilio news, insider Dana Wagner sold 458 shares of the business's stock in a transaction that occurred 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 owns 171,744 shares in the company, valued at $9,567,858.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares of the company's stock, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,958 shares of company stock valued at $1,910,447. Corporate insiders own 4.20% of the company's stock.

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.