Rhumbline Advisers Lowers Stake in Twilio Inc. (NYSE:TWLO)

Rhumbline Advisers lowered its stake in shares of Twilio Inc. (NYSE:TWLO) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,055 shares of the technology company’s stock after selling 17,772 shares during the period. Rhumbline Advisers owned 0.12% of Twilio worth $19,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Ritholtz Wealth Management purchased a new stake in Twilio during the fourth quarter worth $344,000. KBC Group NV lifted its holdings in Twilio by 67.4% during the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after buying an additional 9,140 shares during the period. Bleakley Financial Group LLC acquired a new position in shares of Twilio during the fourth quarter worth $230,000. Zacks Investment Management acquired a new position in shares of Twilio during the third quarter worth $3,386,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TWLO. Oppenheimer upped their price target on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. UBS Group upped their price target on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group upped their price target on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Tuesday, January 21st. Finally, Monness Crespi & Hardt upped their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Twilio has an average rating of “Moderate Buy” and an average price target of $130.91.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,406 shares of company stock valued at $2,656,889 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Twilio Trading Down 2.7 %

TWLO stock opened at $117.92 on Friday. The company’s 50-day simple moving average is $122.01 and its 200-day simple moving average is $91.78. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The firm has a market cap of $18.09 billion, a P/E ratio of -184.25, a PEG ratio of 4.70 and a beta of 1.43.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. As a group, equities analysts forecast that Twilio Inc. will post 1.4 EPS for the current fiscal year.

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.