Rakuten Securities Inc. Reduces Position in Twilio Inc. (NYSE:TWLO)

Rakuten Securities Inc. decreased its holdings in Twilio Inc. (NYSE:TWLO) by 47.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 795 shares of the technology company’s stock after selling 715 shares during the period. Rakuten Securities Inc.’s holdings in Twilio were worth $78,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP grew its holdings in shares of Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock valued at $1,248,000 after purchasing an additional 5,188 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Twilio by 145.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 11,603 shares of the technology company’s stock valued at $1,254,000 after purchasing an additional 6,881 shares during the last quarter. Telemark Asset Management LLC acquired a new position in Twilio in the 4th quarter valued at about $5,404,000. Verdence Capital Advisors LLC purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $501,000. Finally, US Bancorp DE increased its holdings in shares of Twilio by 23.4% during the 4th quarter. US Bancorp DE now owns 5,907 shares of the technology company’s stock worth $638,000 after buying an additional 1,120 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,924 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $112.75, for a total value of $216,931.00. Following the completion of the transaction, the chief financial officer now owns 165,982 shares in the company, valued at $18,714,470.50. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director now directly owns 33,488 shares in the company, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,884 shares of company stock worth $4,719,065. 4.50% of the stock is currently owned by insiders.

Twilio Stock Performance

Shares of Twilio stock opened at $116.23 on Wednesday. The business has a 50-day simple moving average of $105.86 and a 200-day simple moving average of $110.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a market cap of $17.74 billion, a PE ratio of -553.46, a P/E/G ratio of 3.63 and a beta of 1.30.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TWLO. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the company a “hold” rating in a report on Sunday. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. The Goldman Sachs Group increased their price target on Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Mizuho reduced their price objective on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.39.

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.