Twilio Inc. (NYSE:TWLO) Stock Holdings Decreased by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in Twilio Inc. (NYSE:TWLO - Free Report) by 90.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,280 shares of the technology company's stock after selling 562,111 shares during the period. Voya Investment Management LLC's holdings in Twilio were worth $6,623,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after acquiring an additional 2,864,235 shares in the last quarter. Norges Bank acquired a new stake in Twilio during the 4th quarter worth about $222,146,000. Bank of New York Mellon Corp increased its holdings in Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock worth $109,056,000 after buying an additional 99,786 shares during the period. Capital World Investors increased its stake in shares of Twilio by 0.8% in the fourth quarter. Capital World Investors now owns 583,373 shares of the technology company's stock worth $63,051,000 after acquiring an additional 4,491 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Twilio during the fourth quarter valued at approximately $62,999,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Up 2.3 %

NYSE TWLO traded up $2.23 on Friday, hitting $100.11. 7,162,474 shares of the stock traded hands, compared to its average volume of 2,692,843. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $15.28 billion, a P/E ratio of -156.42, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The stock has a 50-day moving average of $97.36 and a 200 day moving average of $104.88.

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

Analysts Set New Price Targets

TWLO has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a research note on Friday. Needham & Company LLC lowered their target price on shares of Twilio from $165.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday. UBS Group cut their price target on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Piper Sandler lifted their price objective on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.13.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 in the last ninety days. 4.50% of the stock is owned by insiders.

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.