Twilio Inc. (NYSE:TWLO) Holdings Trimmed by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lowered its position in shares of Twilio Inc. (NYSE:TWLO) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,860 shares of the technology company’s stock after selling 1,253 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Twilio were worth $2,061,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ritholtz Wealth Management bought a new position in Twilio during the fourth quarter valued at about $344,000. Bleakley Financial Group LLC bought a new position in Twilio during the fourth quarter valued at about $230,000. Aigen Investment Management LP boosted its stake in Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock valued at $1,248,000 after buying an additional 5,188 shares in the last quarter. Highland Capital Management LLC bought a new position in Twilio during the fourth quarter valued at about $912,000. Finally, Moloney Securities Asset Management LLC bought a new position in Twilio during the fourth quarter valued at about $860,000. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 1.7%

Shares of Twilio stock opened at $116.19 on Friday. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of -181.54, a P/E/G ratio of 4.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock has a 50-day simple moving average of $96.78 and a 200-day simple moving average of $107.77.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. On average, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. HSBC upgraded shares of Twilio from a “reduce” rating to a “hold” rating and raised their target price for the stock from $77.00 to $99.00 in a report on Monday, May 5th. Mizuho decreased their target price on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group decreased their target price on shares of Twilio from $145.00 to $108.00 and set a “hold” rating for the company in a report on Monday, April 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Twilio in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Twilio currently has an average rating of “Moderate Buy” and an average price target of $124.41.

Insider Activity

In related news, CFO Aidan Viggiano sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This trade represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the completion of the transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at $25,704,758.29. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,751 shares of company stock worth $4,476,830 in the last three months. 0.21% of the stock is owned by insiders.

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.