Mirae Asset Global Investments Co. Ltd. Sells 6,401 Shares of Twilio Inc. (NYSE:TWLO)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO) by 42.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,664 shares of the technology company’s stock after selling 6,401 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Twilio were worth $946,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its position in Twilio by 45.0% during the third quarter. CWM LLC now owns 20,569 shares of the technology company’s stock worth $1,342,000 after acquiring an additional 6,387 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Twilio by 450.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the technology company’s stock worth $72,000 after purchasing an additional 900 shares during the last quarter. Creative Planning raised its holdings in shares of Twilio by 15.4% in the 3rd quarter. Creative Planning now owns 32,451 shares of the technology company’s stock valued at $2,116,000 after purchasing an additional 4,322 shares during the period. Probity Advisors Inc. acquired a new stake in Twilio in the 3rd quarter valued at about $234,000. Finally, Raymond James & Associates grew its holdings in Twilio by 235.4% during the third quarter. Raymond James & Associates now owns 77,386 shares of the technology company’s stock worth $5,047,000 after purchasing an additional 54,310 shares during the period. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TWLO. JPMorgan Chase & Co. upped their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and raised their price target for the company from $115.00 to $160.00 in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Stifel Nicolaus raised their target price on shares of Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock valued at $2,483,695 over the last three months. 4.50% of the stock is owned by insiders.

Twilio Price Performance

Shares of NYSE:TWLO opened at $143.04 on Wednesday. The firm has a 50 day moving average of $118.81 and a 200-day moving average of $88.36. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $21.94 billion, a PE ratio of -55.66, a PEG ratio of 3.60 and a beta of 1.43.

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.