Alyeska Investment Group L.P. Lowers Position in Twilio Inc. (NYSE:TWLO)

Alyeska Investment Group L.P. decreased its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 30.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,518,783 shares of the technology company's stock after selling 650,031 shares during the period. Twilio accounts for approximately 0.6% of Alyeska Investment Group L.P.'s holdings, making the stock its 29th largest position. Alyeska Investment Group L.P. owned approximately 0.99% of Twilio worth $164,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Aptus Capital Advisors LLC bought a new position in Twilio during the fourth quarter worth about $305,000. Aristeia Capital L.L.C. acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $206,000. AXA S.A. increased its holdings in shares of Twilio by 244.4% during the 4th quarter. AXA S.A. now owns 17,057 shares of the technology company's stock worth $1,844,000 after acquiring an additional 12,105 shares during the last quarter. Wahed Invest LLC bought a new stake in Twilio in the 4th quarter valued at $415,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Twilio during the fourth quarter worth $12,838,000. Institutional investors own 84.27% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on TWLO. Mizuho reduced their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Monness Crespi & Hardt increased their target price on Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Robert W. Baird reduced their price target on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley dropped their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Needham & Company LLC decreased their price target on shares of Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.21.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 over the last ninety days. 4.50% of the stock is owned by insiders.

Twilio Trading Down 2.0 %

NYSE TWLO traded down $2.11 on Tuesday, hitting $100.94. The company's stock had a trading volume of 2,808,930 shares, compared to its average volume of 2,702,499. The company's 50-day moving average is $97.04 and its 200 day moving average is $105.59. The firm has a market cap of $15.41 billion, a PE ratio of -157.72, a PEG ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 1-year low of $52.51 and a 1-year 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.

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

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.