Formula Growth Ltd. Trims Stock Position in Twilio Inc. (NYSE:TWLO)

Formula Growth Ltd. trimmed its stake in shares of Twilio Inc. (NYSE:TWLO) by 55.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,688 shares of the technology company’s stock after selling 31,000 shares during the period. Formula Growth Ltd.’s holdings in Twilio were worth $2,668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TWLO. Arrowstreet Capital Limited Partnership lifted its stake in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the period. Norges Bank acquired a new stake in shares of Twilio during the 4th quarter valued at about $222,146,000. Renaissance Technologies LLC acquired a new position in Twilio in the 4th quarter worth about $62,999,000. Schroder Investment Management Group boosted its position in Twilio by 3,999.9% during the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company’s stock worth $56,687,000 after purchasing an additional 509,153 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Twilio by 1,267.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company’s stock valued at $49,115,000 after purchasing an additional 421,199 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Price Performance

Twilio stock opened at $84.76 on Friday. 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 fifty day simple moving average of $103.89 and a 200-day simple moving average of $103.22. The stock has a market cap of $12.94 billion, a P/E ratio of -132.43, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly 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 positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Equities analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TWLO shares. Tigress Financial upped their target price on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Monness Crespi & Hardt boosted their target price on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Oppenheimer raised their price target on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their target price on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.13.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the sale, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at $21,630,061.80. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over 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 corporate insiders.

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.