Desjardins Global Asset Management Inc. Has $112,000 Holdings in Twilio Inc. (NYSE:TWLO)

Desjardins Global Asset Management Inc. lifted its holdings in Twilio Inc. (NYSE:TWLO) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475 shares of the technology company’s stock after acquiring an additional 192 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Twilio were worth $112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TWLO. Acadian Asset Management LLC boosted its holdings in shares of Twilio by 39.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock worth $192,000 after acquiring an additional 336 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of Twilio in the 1st quarter worth approximately $894,000. Panagora Asset Management Inc. boosted its holdings in shares of Twilio by 29.1% in the 1st quarter. Panagora Asset Management Inc. now owns 2,788 shares of the technology company’s stock worth $459,000 after acquiring an additional 629 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of Twilio by 57.9% in the 1st quarter. Synovus Financial Corp now owns 4,959 shares of the technology company’s stock worth $817,000 after acquiring an additional 1,818 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Twilio by 22.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 265,429 shares of the technology company’s stock worth $43,765,000 after buying an additional 48,552 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares in the company, valued at approximately $10,529,034.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Dana Wagner sold 841 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $61.43, for a total transaction of $51,662.63. Following the completion of the transaction, the insider now directly owns 166,773 shares in the company, valued at approximately $10,244,865.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,958 shares of company stock worth $1,910,447. Corporate insiders own 4.20% of the company’s stock.

Twilio Price Performance

TWLO opened at $57.55 on Friday. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $78.16. The company has a fifty day simple moving average of $60.74 and a 200 day simple moving average of $63.88. The stock has a market cap of $10.42 billion, a P/E ratio of -10.39 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. On average, research analysts expect that Twilio Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday. Jefferies Financial Group reduced their price objective on Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 price objective on shares of Twilio in a report on Wednesday, March 6th. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, HSBC downgraded Twilio from a “hold” rating to a “reduce” rating and reduced their price objective for the stock from $62.00 to $61.00 in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.90.

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.