AlphaQuest LLC Has $846,000 Stake in Twilio Inc. (NYSE:TWLO)

AlphaQuest LLC trimmed its holdings in Twilio Inc. (NYSE:TWLO) by 50.3% in the fourth quarter, Holdings Channel reports. The fund owned 7,826 shares of the technology company’s stock after selling 7,925 shares during the period. AlphaQuest LLC’s holdings in Twilio were worth $846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Amundi grew its stake in Twilio by 53.4% in the fourth quarter. Amundi now owns 517,052 shares of the technology company’s stock valued at $57,424,000 after acquiring an additional 179,899 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Twilio during the fourth quarter worth about $655,000. Callan Family Office LLC acquired a new position in shares of Twilio during the fourth quarter worth about $206,000. Candriam S.C.A. boosted its position in shares of Twilio by 35.3% during the fourth quarter. Candriam S.C.A. now owns 171,917 shares of the technology company’s stock worth $18,581,000 after buying an additional 44,890 shares during the period. Finally, Freestone Capital Holdings LLC boosted its position in shares of Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock worth $423,000 after buying an additional 124 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TWLO shares. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Mizuho upped their price objective on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price objective on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research report on Tuesday, January 21st. Finally, Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $144.00 to $160.00 in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 over the last 90 days. 4.50% of the stock is owned by corporate insiders.

Twilio Price Performance

Twilio stock opened at $98.44 on Tuesday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock’s 50 day moving average is $123.05 and its 200-day moving average is $96.93. 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 company has a market capitalization of $15.10 billion, a price-to-earnings ratio of -153.80, a PEG ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

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.