US Bancorp DE Sells 5,305 Shares of Twilio Inc. (NYSE:TWLO)

US Bancorp DE lowered its position in shares of Twilio Inc. (NYSE:TWLOGet Rating) by 46.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,999 shares of the technology company’s stock after selling 5,305 shares during the period. US Bancorp DE’s holdings in Twilio were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TWLO. Vanguard Group Inc. lifted its stake in Twilio by 25.6% during the first quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock worth $2,162,627,000 after purchasing an additional 2,678,049 shares during the last quarter. ARK Investment Management LLC increased its holdings in shares of Twilio by 22.5% in the third quarter. ARK Investment Management LLC now owns 6,826,631 shares of the technology company’s stock worth $471,993,000 after buying an additional 1,254,195 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Twilio by 450.9% in the second quarter. Allianz Asset Management GmbH now owns 1,429,756 shares of the technology company’s stock worth $119,828,000 after buying an additional 1,170,237 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Twilio by 631.0% in the first quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company’s stock worth $191,789,000 after buying an additional 1,004,500 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in shares of Twilio by 14.8% in the third quarter. Baillie Gifford & Co. now owns 6,920,682 shares of the technology company’s stock worth $478,497,000 after buying an additional 891,897 shares during the period. Institutional investors own 78.68% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of several analyst reports. JMP Securities decreased their price objective on Twilio from $175.00 to $110.00 and set a “market outperform” rating on the stock in a report on Friday, November 4th. Bank of America decreased their price objective on Twilio from $85.00 to $70.00 in a report on Friday, November 4th. Barclays decreased their price objective on Twilio from $90.00 to $60.00 and set an “equal weight” rating on the stock in a report on Sunday, November 6th. KeyCorp reduced their price target on Twilio from $96.00 to $77.00 and set an “overweight” rating on the stock in a report on Monday, November 7th. Finally, Morgan Stanley reduced their price target on Twilio from $70.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, December 14th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $99.36.

Twilio Stock Performance

Shares of TWLO opened at $56.36 on Tuesday. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $49.06 and its 200-day moving average price is $65.76. Twilio Inc. has a 52 week low of $41.00 and a 52 week high of $233.60. The stock has a market cap of $10.39 billion, a P/E ratio of -7.76 and a beta of 1.35.

Twilio (NYSE:TWLOGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The technology company reported ($1.33) EPS for the quarter, hitting analysts’ consensus estimates of ($1.33). Twilio had a negative return on equity of 8.20% and a negative net margin of 36.17%. The firm had revenue of $983.03 million for the quarter, compared to analysts’ expectations of $969.17 million. Equities research analysts anticipate that Twilio Inc. will post -3.83 earnings per share for the current fiscal year.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 1,869 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $55.47, for a total value of $103,673.43. Following the transaction, the insider now directly owns 76,552 shares of the company’s stock, valued at approximately $4,246,339.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Khozema Shipchandler sold 3,289 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $55.21, for a total value of $181,585.69. Following the transaction, the chief operating officer now directly owns 76,563 shares of the company’s stock, valued at approximately $4,227,043.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 1,869 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $55.47, for a total transaction of $103,673.43. Following the sale, the insider now owns 76,552 shares of the company’s stock, valued at $4,246,339.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,986 shares of company stock valued at $328,017. 4.96% of the stock is owned by corporate insiders.

Twilio Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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