Swiss National Bank Sells 51,600 Shares of Twilio Inc. (NYSE:TWLO)

Swiss National Bank decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 431,000 shares of the technology company’s stock after selling 51,600 shares during the period. Swiss National Bank’s holdings in Twilio were worth $46,582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its stake in shares of Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after purchasing an additional 77,436 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after buying an additional 33,824 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Twilio by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after buying an additional 99,786 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after buying an additional 4,061 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 4.2 %

Shares of Twilio stock opened at $98.90 on Monday. The company’s fifty day simple moving average is $122.22 and its 200-day simple moving average is $98.00. The stock has a market capitalization of $15.10 billion, a PE ratio of -154.53, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

TWLO has been the topic of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Barclays increased their price target on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. Needham & Company LLC increased their price target on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Piper Sandler restated an “overweight” rating and issued a $142.00 target price (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.26.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock worth $2,441,324 in the last three months. Company insiders own 4.50% of the company’s stock.

Twilio 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.