SG Americas Securities LLC Cuts Position in Twilio Inc. $TWLO

SG Americas Securities LLC lowered its position in Twilio Inc. (NYSE:TWLO) by 82.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,269 shares of the technology company’s stock after selling 11,025 shares during the quarter. SG Americas Securities LLC’s holdings in Twilio were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Twilio in the 2nd quarter valued at $228,877,000. Ninety One UK Ltd acquired a new position in shares of Twilio during the second quarter worth $212,059,000. Nordea Investment Management AB increased its holdings in Twilio by 4,231.2% in the second quarter. Nordea Investment Management AB now owns 1,123,638 shares of the technology company’s stock valued at $139,736,000 after buying an additional 1,097,695 shares during the last quarter. Voya Investment Management LLC raised its stake in Twilio by 752.5% in the third quarter. Voya Investment Management LLC now owns 755,015 shares of the technology company’s stock valued at $75,569,000 after buying an additional 666,448 shares in the last quarter. Finally, Atreides Management LP lifted its holdings in Twilio by 533.1% during the 2nd quarter. Atreides Management LP now owns 730,300 shares of the technology company’s stock worth $90,820,000 after buying an additional 614,943 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Twilio from $130.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $150.00 price target on shares of Twilio in a research note on Friday, October 31st. Stifel Nicolaus raised their price objective on shares of Twilio from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, October 31st. KeyCorp boosted their price objective on shares of Twilio from $146.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, UBS Group increased their target price on shares of Twilio from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and an average price target of $146.44.

Twilio Price Performance

TWLO stock opened at $135.98 on Thursday. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $20.86 billion, a P/E ratio of 331.66, a PEG ratio of 2.61 and a beta of 1.30. The business has a 50 day simple moving average of $132.14 and a 200-day simple moving average of $120.05. Twilio Inc. has a twelve month low of $77.51 and a twelve month high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.07 by $0.18. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. Twilio had a net margin of 1.37% and a return on equity of 3.36%. Twilio’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. As a group, equities analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In related news, Director Andrew Stafman sold 1,000,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $129.00, for a total transaction of $129,000,000.00. Following the transaction, the director owned 2,295,000 shares of the company’s stock, valued at $296,055,000. This trade represents a 30.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 13,336 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $134.28, for a total value of $1,790,758.08. Following the completion of the transaction, the chief executive officer owned 193,781 shares in the company, valued at $26,020,912.68. This trade represents a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,043,438 shares of company stock worth $135,022,770. 4.50% of the stock is owned by company insiders.

About Twilio

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.