Daiwa Securities Group Inc. Sells 625 Shares of Twilio Inc. (NYSE:TWLO)

Daiwa Securities Group Inc. trimmed its stake in shares of Twilio Inc. (NYSE:TWLO) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,423 shares of the technology company’s stock after selling 625 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Twilio were worth $1,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its holdings in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Twilio by 0.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company’s stock worth $24,507,000 after buying an additional 3,238 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Twilio by 41.8% during the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock worth $2,537,000 after buying an additional 11,472 shares in the last quarter. KBC Group NV lifted its holdings in shares of Twilio by 67.4% during the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after buying an additional 9,140 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after buying an additional 532 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TWLO shares. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Wells Fargo & Company lifted their target price on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group boosted their price target on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Twilio Stock Performance

NYSE:TWLO opened at $98.90 on Friday. The stock has a market cap of $15.10 billion, a P/E ratio of -154.53, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. 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 stock’s 50-day moving average is $122.22 and its 200-day moving average is $97.75. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

Twilio (NYSE:TWLO) last released 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). The firm had revenue of $1.19 billion for 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%. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,277 shares of company stock worth $2,441,324. Insiders own 4.50% of the company’s stock.

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.