Handelsbanken Fonder AB Lowers Position in Twilio Inc. (NYSE:TWLO)

Handelsbanken Fonder AB trimmed its stake in Twilio Inc. (NYSE:TWLO) by 37.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,092 shares of the technology company’s stock after selling 11,831 shares during the quarter. Handelsbanken Fonder AB’s holdings in Twilio were worth $1,524,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Robertson Stephens Wealth Management LLC grew its stake in Twilio by 102.2% during the third quarter. Robertson Stephens Wealth Management LLC now owns 13,796 shares of the technology company’s stock worth $807,000 after buying an additional 650,000 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Twilio by 73.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock worth $70,965,000 after buying an additional 515,068 shares during the period. Vanguard Group Inc. grew its stake in Twilio by 2.6% during the third quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock worth $1,028,245,000 after buying an additional 445,877 shares during the period. Glenmede Trust Co. NA purchased a new stake in Twilio during the third quarter worth approximately $20,797,000. Finally, International Assets Investment Management LLC grew its stake in Twilio by 6,662.4% during the fourth quarter. International Assets Investment Management LLC now owns 250,750 shares of the technology company’s stock worth $19,024,000 after buying an additional 247,042 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TWLO. TD Cowen decreased their price objective on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Thursday, February 15th. Jefferies Financial Group reduced their target price on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 target price on shares of Twilio in a research report on Wednesday, March 6th. Finally, HSBC cut shares of Twilio from a “hold” rating to a “reduce” rating and reduced their target price for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.90.

Twilio Stock Up 1.5 %

TWLO opened at $60.89 on Friday. The firm’s fifty day moving average price is $60.11 and its 200 day moving average price is $64.05. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. On average, equities research analysts anticipate that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 3,375 shares of the business’s stock in a transaction 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 completion of 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 legal filing with the SEC, which can be accessed through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 335,982 shares in the company, valued at $20,874,561.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 3,375 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $14,044,678.44. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock worth $1,910,447 over the last 90 days. Insiders own 4.20% 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.