CANADA LIFE ASSURANCE Co Has $28.38 Million Holdings in Twilio Inc. (NYSE:TWLO)

CANADA LIFE ASSURANCE Co decreased its position in Twilio Inc. (NYSE:TWLO) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,582 shares of the technology company’s stock after selling 60,383 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Twilio were worth $28,384,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. M&T Bank Corp boosted its stake in Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $943,000 after acquiring an additional 85 shares in the last quarter. Allworth Financial LP boosted its position in shares of Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after purchasing an additional 94 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after buying an additional 104 shares during the period. Tidal Investments LLC increased its position in Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after buying an additional 112 shares in the last quarter. Finally, Freestone Capital Holdings LLC raised its stake in Twilio by 3.3% during the 4th 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 currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Twilio Trading Down 1.2 %

Shares of TWLO stock opened at $84.76 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $12.94 billion, a P/E ratio of -132.43, a PEG ratio of 4.30 and a beta of 1.50. The company has a 50 day moving average of $103.89 and a 200-day moving average of $103.47. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO) last released 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). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TWLO shares. JMP Securities reissued a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a research note on Friday, February 14th. Scotiabank boosted their price target on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Tigress Financial raised their price objective on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Jefferies Financial Group boosted their target price on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Monness Crespi & Hardt raised their price target on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.13.

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.