Legal & General Group Plc Reduces Stock Position in Twilio Inc. (NYSE:TWLO)

Legal & General Group Plc cut its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 34.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 778,060 shares of the technology company's stock after selling 409,341 shares during the period. Legal & General Group Plc owned approximately 0.51% of Twilio worth $84,093,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake 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 worth $352,640,000 after buying an additional 2,864,235 shares during the last quarter. Norges Bank acquired a new stake in Twilio during the fourth quarter worth approximately $222,146,000. Schroder Investment Management Group increased its holdings in shares of Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after buying an additional 509,153 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Twilio by 1,267.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after buying an additional 421,199 shares in the last quarter. Finally, Oribel Capital Management LP purchased a new position in shares of Twilio in the fourth quarter valued at $40,595,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 0.2 %

Shares of TWLO traded down $0.15 during trading hours on Thursday, hitting $85.62. The company had a trading volume of 438,264 shares, compared to its average volume of 2,628,472. 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 Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock's 50 day moving average price is $106.25 and its 200 day moving average price is $102.94. The firm has a market cap of $13.07 billion, a P/E ratio of -133.31, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction on 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 in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TWLO. The Goldman Sachs Group upgraded shares of Twilio from a "neutral" rating to a "buy" rating and boosted their target price for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Stifel Nicolaus lifted their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. UBS Group increased their price target on shares of Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Barclays lifted their price objective on Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $132.13.

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.