Daiwa Securities Group Inc. Sells 4,075 Shares of Twilio Inc. (NYSE:TWLO)

Daiwa Securities Group Inc. lowered its stake in shares of Twilio Inc. (NYSE:TWLO) by 21.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,138 shares of the technology company’s stock after selling 4,075 shares during the period. Daiwa Securities Group Inc.’s holdings in Twilio were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TWLO. Vanguard Group Inc. boosted its holdings in shares of Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after buying an additional 140,791 shares in the last quarter. Norges Bank bought a new stake in shares of Twilio in the 4th quarter valued at about $179,739,000. Kodai Capital Management LP boosted its holdings in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after buying an additional 761,356 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Twilio by 18.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock valued at $105,131,000 after purchasing an additional 217,796 shares during the last quarter. Finally, Dorsal Capital Management LP raised its position in shares of Twilio by 4.5% in the 4th quarter. Dorsal Capital Management LP now owns 1,150,000 shares of the technology company’s stock valued at $87,250,000 after purchasing an additional 50,000 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,237 shares of Twilio stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the sale, the insider now owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Twilio news, insider Dana Wagner sold 4,237 shares of Twilio stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the sale, the insider now owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,241 shares of Twilio stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.29, for a total value of $632,755.89. Following the transaction, the chief executive officer now owns 300,084 shares in the company, valued at approximately $16,891,728.36. The disclosure for this sale can be found here. Insiders have sold a total of 47,030 shares of company stock valued at $2,677,475 in the last 90 days. 4.50% of the stock is owned by insiders.

Twilio Price Performance

Twilio stock opened at $59.46 on Monday. The company’s fifty day moving average price is $59.50 and its 200 day moving average price is $59.34. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The stock has a market capitalization of $9.55 billion, a P/E ratio of -14.83, a P/E/G ratio of 3.37 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TWLO. Sanford C. Bernstein increased their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Twilio in a research report on Monday, May 20th. Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $70.00 to $60.00 in a research report on Friday, June 14th. Barclays decreased their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Finally, Wells Fargo & Company raised their price target on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.52.

About Twilio

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.