Fmr LLC Has $445.42 Million Position in Twilio Inc. (NYSE:TWLO)

Fmr LLC lessened its holdings in shares of Twilio Inc. (NYSE:TWLO) by 55.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,121,189 shares of the technology company’s stock after selling 5,085,299 shares during the period. Fmr LLC’s holdings in Twilio were worth $445,418,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its holdings in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Twilio during the fourth quarter worth $44,000. Private Trust Co. NA grew its holdings in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Twilio during the fourth quarter worth $75,000. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 13.1 %

NYSE TWLO opened at $92.02 on Thursday. The stock’s 50-day moving average is $112.24 and its 200-day moving average is $102.42. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The firm has a market cap of $14.05 billion, a P/E ratio of -143.78, a P/E/G ratio of 4.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

TWLO has been the topic of several recent research reports. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and raised their price target for the company from $115.00 to $160.00 in a report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a report on Friday, February 14th. Jefferies Financial Group raised their price target on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 14th. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $144.00 to $160.00 in a report on Monday, February 24th. Finally, Stifel Nicolaus raised their price target on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.35.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares of the company’s stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,471 shares of company stock valued at $2,344,149. 4.50% of the stock is owned by insiders.

Twilio Company 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.