Fox Run Management L.L.C. Lowers Stake in Twilio Inc. (NYSE:TWLO)

Fox Run Management L.L.C. lessened its holdings in Twilio Inc. (NYSE:TWLO) by 36.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,920 shares of the technology company’s stock after selling 7,884 shares during the quarter. Fox Run Management L.L.C.’s holdings in Twilio were worth $1,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TWLO. Los Angeles Capital Management LLC increased its holdings in shares of 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 acquiring an additional 421,199 shares in the last quarter. KBC Group NV grew its position in Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after purchasing an additional 258,469 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Twilio during the 4th quarter valued at about $25,778,000. Franklin Resources Inc. raised its holdings in Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after buying an additional 193,971 shares during the last quarter. Finally, Amundi lifted its stake in shares of Twilio by 53.4% in the fourth quarter. Amundi now owns 517,052 shares of the technology company’s stock worth $57,424,000 after buying an additional 179,899 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares of the company’s stock, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock valued at $2,441,324 in the last quarter. 4.50% of the stock is currently owned by insiders.

Twilio Stock Performance

NYSE TWLO opened at $103.44 on Friday. 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 twelve month low of $52.51 and a twelve month high of $151.95. The business has a 50-day moving average price of $121.32 and a 200-day moving average price of $98.86. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of -161.62, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

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

Analyst Ratings Changes

TWLO has been the subject of a number of recent analyst reports. Mizuho boosted their target price on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Oppenheimer boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Needham & Company LLC raised their target price on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. Finally, Tigress Financial raised their price target on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. One equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

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.