Sumitomo Mitsui Trust Group Inc. Lowers Stake in Twilio Inc. (NYSE:TWLO)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Twilio Inc. (NYSE:TWLO) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 347,161 shares of the technology company’s stock after selling 28,601 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Twilio were worth $37,521,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. GHP Investment Advisors Inc. boosted its position in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after purchasing an additional 104 shares during the period. Tidal Investments LLC boosted its position in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the period. Covestor Ltd boosted its position in shares of Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares during the period. GAMMA Investing LLC boosted its position in shares of Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the period. Finally, Metis Global Partners LLC boosted its position in shares of Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity

In other news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. 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 4,629 shares of Twilio stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,015 shares of company stock valued at $2,483,695 in the last three months. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Down 1.0 %

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

Wall Street Analyst Weigh In

Several equities analysts have commented on TWLO shares. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and raised their price target for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Morgan Stanley raised their price target on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Northland Securities raised their price target on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Oppenheimer raised their price target on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $119.25.

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.