Ieq Capital LLC Sells 644 Shares of Twilio Inc. (NYSE:TWLO)

Ieq Capital LLC trimmed its stake in Twilio Inc. (NYSE:TWLO) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 562,923 shares of the technology company’s stock after selling 644 shares during the quarter. Twilio comprises approximately 0.6% of Ieq Capital LLC’s portfolio, making the stock its 28th biggest holding. Ieq Capital LLC’s holdings in Twilio were worth $60,841,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TWLO. Robeco Institutional Asset Management B.V. boosted its stake in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after buying an additional 630,627 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares in the last quarter. KBC Group NV boosted its stake in shares of Twilio by 1,138.4% during the fourth 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 period. Finally, Franklin Resources Inc. boosted its stake in shares of Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after purchasing an additional 193,971 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on TWLO shares. Stifel Nicolaus increased their price objective on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Monness Crespi & Hardt increased their price objective on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Finally, Needham & Company LLC increased their price objective on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.91.

Twilio Price Performance

Shares of NYSE:TWLO opened at $121.07 on Thursday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business has a fifty day moving average price of $121.84 and a 200-day moving average price of $91.57.

Twilio (NYSE:TWLO) last issued 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts anticipate that Twilio Inc. will post 1.4 EPS for the current year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,015 shares of company stock worth $2,483,695. 4.50% of the stock is owned by corporate insiders.

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.