Twilio Inc. (NYSE:TWLO) Stake Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Twilio Inc. (NYSE:TWLOGet Rating) by 64.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,559 shares of the technology company’s stock after selling 294,077 shares during the period. Victory Capital Management Inc. owned 0.09% of Twilio worth $25,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. ARK Investment Management LLC grew its holdings in shares of Twilio by 23.7% during the 1st quarter. ARK Investment Management LLC now owns 5,021,261 shares of the technology company’s stock valued at $827,554,000 after acquiring an additional 962,047 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Twilio by 22.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,204,710 shares of the technology company’s stock valued at $692,978,000 after acquiring an additional 770,655 shares in the last quarter. State Street Corp boosted its holdings in Twilio by 3.1% in the fourth quarter. State Street Corp now owns 3,552,828 shares of the technology company’s stock worth $935,602,000 after purchasing an additional 107,321 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in Twilio by 30.0% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,984,512 shares of the technology company’s stock worth $792,537,000 after purchasing an additional 689,360 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in Twilio by 4.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,154,826 shares of the technology company’s stock worth $567,452,000 after purchasing an additional 93,817 shares in the last quarter. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Up 8.7 %

Shares of TWLO opened at $97.69 on Thursday. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of -17.99 and a beta of 1.53. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.09. Twilio Inc. has a 12 month low of $77.14 and a 12 month high of $382.75. The company has a 50-day moving average price of $91.46 and a two-hundred day moving average price of $130.95.

Twilio (NYSE:TWLOGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The technology company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.12. Twilio had a negative net margin of 30.86% and a negative return on equity of 6.11%. The firm had revenue of $875.36 million during the quarter, compared to analysts’ expectations of $861.56 million. Equities analysts predict that Twilio Inc. will post -3.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TWLO has been the subject of a number of recent research reports. JMP Securities decreased their price objective on shares of Twilio from $510.00 to $250.00 in a report on Thursday, May 5th. Macquarie cut shares of Twilio from an “outperform” rating to a “neutral” rating and set a $96.00 price objective for the company. in a report on Monday, July 25th. Morgan Stanley decreased their price target on shares of Twilio from $240.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Scotiabank started coverage on shares of Twilio in a report on Wednesday, June 8th. They set an “outperform” rating and a $215.00 price target for the company. Finally, BTIG Research decreased their price target on shares of Twilio from $270.00 to $230.00 in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Twilio presently has an average rating of “Moderate Buy” and an average price target of $213.04.

Insider Activity

In other news, insider Dana Wagner sold 2,387 shares of Twilio stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $105.91, for a total value of $252,807.17. Following the completion of the transaction, the insider now owns 79,665 shares in the company, valued at $8,437,320.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Khozema Shipchandler sold 3,330 shares of Twilio stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $97.61, for a total value of $325,041.30. Following the completion of the transaction, the chief operating officer now owns 93,219 shares in the company, valued at $9,099,106.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 2,387 shares of Twilio stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $105.91, for a total transaction of $252,807.17. Following the completion of the transaction, the insider now owns 79,665 shares of the company’s stock, valued at approximately $8,437,320.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,242 shares of company stock worth $1,374,510. Insiders own 4.96% of the company’s stock.

About Twilio

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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