Russell Investments Group Ltd. Decreases Stock Position in Twilio Inc. (NYSE:TWLO)

Russell Investments Group Ltd. cut its holdings in Twilio Inc. (NYSE:TWLO – Get Rating) by 82.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,289 shares of the technology company’s stock after selling 170,384 shares during the period. Russell Investments Group Ltd.’s holdings in Twilio were worth $1,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Twilio by 25.6% in the 1st quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock valued at $2,162,627,000 after purchasing an additional 2,678,049 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Twilio by 631.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company’s stock valued at $191,789,000 after purchasing an additional 1,004,500 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Twilio by 34.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,045,022 shares of the technology company’s stock valued at $210,532,000 after purchasing an additional 777,545 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Twilio by 13.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,938,393 shares of the technology company’s stock valued at $290,744,000 after purchasing an additional 707,908 shares in the last quarter. Finally, HMI Capital Management L.P. lifted its holdings in Twilio by 59.6% in the 3rd quarter. HMI Capital Management L.P. now owns 1,668,060 shares of the technology company’s stock valued at $115,330,000 after purchasing an additional 623,060 shares in the last quarter. 78.68% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Performance

TWLO stock opened at $57.71 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.16 and a current ratio of 6.16. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of -7.72 and a beta of 1.47. Twilio Inc. has a 1 year low of $41.00 and a 1 year high of $110.98. The stock’s fifty day moving average is $57.19 and its two-hundred day moving average is $55.80.

Twilio (NYSE:TWLO – Get Rating) last posted its earnings results on Tuesday, May 9th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.21. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $999.82 million. Twilio had a negative return on equity of 6.91% and a negative net margin of 34.79%. On average, research analysts predict that Twilio Inc. will post -1.6 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,172 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $45.44, for a total transaction of $53,255.68. Following the transaction, the chief financial officer now directly owns 212,897 shares of the company’s stock, valued at $9,674,039.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Aidan Viggiano sold 1,172 shares of Twilio stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $45.44, for a total transaction of $53,255.68. Following the transaction, the chief financial officer now directly owns 212,897 shares of the company’s stock, valued at $9,674,039.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dana Wagner sold 1,977 shares of Twilio stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $45.49, for a total value of $89,933.73. Following the transaction, the insider now directly owns 157,506 shares in the company, valued at $7,164,947.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,991 shares of company stock worth $2,633,220. 4.96% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on TWLO. Needham & Company LLC upped their target price on shares of Twilio from $60.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, February 16th. Jefferies Financial Group increased their price objective on shares of Twilio from $50.00 to $60.00 in a report on Friday, February 24th. Cowen increased their price objective on shares of Twilio from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, February 16th. Robert W. Baird cut their price objective on shares of Twilio from $80.00 to $56.00 in a report on Friday, May 12th. Finally, UBS Group dropped their target price on shares of Twilio from $93.00 to $85.00 in a research report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $79.11.

About Twilio

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Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.