Element Pointe Advisors LLC Sells 444 Shares of Twilio Inc. (NYSE:TWLO)

Element Pointe Advisors LLC reduced its stake in shares of Twilio Inc. (NYSE:TWLO) by 8.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,552 shares of the technology company’s stock after selling 444 shares during the quarter. Element Pointe Advisors LLC’s holdings in Twilio were worth $259,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. APG Asset Management N.V. grew its stake in Twilio by 2.3% in the 2nd quarter. APG Asset Management N.V. now owns 173,842 shares of the technology company’s stock worth $9,215,000 after acquiring an additional 3,986 shares in the last quarter. AQR Capital Management LLC grew its stake in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Twilio during the 2nd quarter valued at $170,000. Point72 Hong Kong Ltd purchased a new stake in shares of Twilio in the 2nd quarter worth $87,000. Finally, Point72 Asset Management L.P. grew its position in shares of Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after buying an additional 311,481 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays decreased their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Tigress Financial increased their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.52.

Twilio Price Performance

Shares of NYSE:TWLO opened at $62.65 on Thursday. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The company has a market cap of $10.06 billion, a PE ratio of -15.60, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35. The company’s 50 day moving average is $60.10 and its 200 day moving average is $59.45.

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

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the transaction, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the transaction, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 820 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total transaction of $46,133.20. Following the sale, the insider now directly owns 159,317 shares in the company, valued at $8,963,174.42. 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 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Twilio Company 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.