Twilio Inc. (NYSE:TWLO) Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in Twilio Inc. (NYSE:TWLO) by 97.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,495 shares of the technology company’s stock after selling 343,500 shares during the period. Renaissance Technologies LLC’s holdings in Twilio were worth $483,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after buying an additional 140,791 shares during the last quarter. Greenwood Capital Associates LLC acquired a new stake in Twilio in the fourth quarter worth about $478,000. V Square Quantitative Management LLC lifted its holdings in Twilio by 68.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after buying an additional 792 shares during the period. Ables Iannone Moore & Associates Inc. bought a new position in shares of Twilio in the 4th quarter worth $1,689,000. Finally, Bares Capital Management Inc. grew its position in shares of Twilio by 28.6% during the 4th quarter. Bares Capital Management Inc. now owns 428,730 shares of the technology company’s stock worth $32,528,000 after buying an additional 95,258 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 1,989 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the completion of the sale, the insider now owns 157,328 shares in the company, valued at $9,548,236.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 1,989 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $120,712.41. Following the completion of the sale, the insider now owns 157,328 shares of the company’s stock, valued at $9,548,236.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is currently owned by corporate insiders.

Twilio Stock Performance

NYSE:TWLO opened at $70.10 on Friday. The stock has a market cap of $12.00 billion, a P/E ratio of -17.38, a PEG ratio of 3.84 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $61.76 and its two-hundred day moving average price is $59.81. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16.

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, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. Twilio’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) earnings per share. As a group, equities analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on TWLO. Wells Fargo & Company upped 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. Piper Sandler restated an “overweight” rating and set a $83.00 price objective (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Sanford C. Bernstein increased their target price on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Finally, Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.