MUFG Securities EMEA plc Sells 2,397 Shares of Twilio Inc. (NYSE:TWLO)

MUFG Securities EMEA plc lessened its stake in Twilio Inc. (NYSE:TWLO) by 59.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,644 shares of the technology company’s stock after selling 2,397 shares during the quarter. MUFG Securities EMEA plc’s holdings in Twilio were worth $125,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Twilio by 203.6% during the 3rd quarter. Principal Financial Group Inc. now owns 207,871 shares of the technology company’s stock valued at $12,167,000 after acquiring an additional 139,395 shares during the period. California Public Employees Retirement System raised its holdings in Twilio by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 248,713 shares of the technology company’s stock valued at $14,557,000 after acquiring an additional 2,119 shares during the period. Private Advisor Group LLC raised its holdings in Twilio by 52.9% during the 3rd quarter. Private Advisor Group LLC now owns 8,277 shares of the technology company’s stock valued at $484,000 after acquiring an additional 2,862 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Twilio by 13.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 51,391 shares of the technology company’s stock valued at $3,008,000 after acquiring an additional 6,126 shares during the period. Finally, Signaturefd LLC raised its holdings in Twilio by 13.1% during the 3rd quarter. Signaturefd LLC now owns 4,071 shares of the technology company’s stock valued at $238,000 after acquiring an additional 473 shares during the period. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 3,375 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the sale, the chief financial officer now owns 231,036 shares in the company, valued at $14,044,678.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Aidan Viggiano sold 3,375 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the sale, the chief financial officer now owns 231,036 shares in the company, valued at $14,044,678.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now owns 335,982 shares in the company, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,692 shares of company stock valued at $1,714,597. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Up 0.2 %

Shares of NYSE TWLO traded up $0.12 on Friday, reaching $59.05. 1,490,298 shares of the company’s stock traded hands, compared to its average volume of 2,745,959. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The business’s 50 day simple moving average is $60.76 and its two-hundred day simple moving average is $65.06. The company has a market cap of $10.11 billion, a price-to-earnings ratio of -14.73, a price-to-earnings-growth ratio of 9.97 and a beta of 1.33. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities research analysts forecast that Twilio Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TWLO shares. Robert W. Baird lowered their target price on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Canaccord Genuity Group cut their target price on shares of Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer reiterated an “outperform” rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, April 17th. Finally, UBS Group cut their target price on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.95.

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.