Twilio Inc. (NYSE:TWLO) Stake Reduced by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,305 shares of the technology company's stock after selling 2,921 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Twilio were worth $681,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Twilio in the fourth quarter worth $301,258,000. Norges Bank bought a new position in shares of Twilio in the fourth quarter worth $222,146,000. Northern Trust Corp grew its stake in shares of Twilio by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company's stock worth $119,855,000 after purchasing an additional 96,010 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock worth $109,056,000 after purchasing an additional 99,786 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Stock Up 0.5%

TWLO opened at $105.71 on Monday. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The business has a 50-day moving average of $95.98 and a 200-day moving average of $106.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market capitalization of $16.13 billion, a PE ratio of -165.17, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44.

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

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the firm's 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 directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 7,524 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 in the last three months. Corporate insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TWLO shares. Royal Bank of Canada reissued an "underperform" rating and issued a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. Robert W. Baird decreased their target price on Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Needham & Company LLC decreased their target price on Twilio from $165.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus raised their target price on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Finally, Monness Crespi & Hardt raised their target price on Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

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.

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