G2 Capital Management LLC OH Cuts Position in Twilio Inc. (NYSE:TWLO)

G2 Capital Management LLC OH trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO) by 10.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,600 shares of the technology company’s stock after selling 400 shares during the period. G2 Capital Management LLC OH’s holdings in Twilio were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Ritholtz Wealth Management bought a new position in Twilio in the 4th quarter valued at $344,000. KBC Group NV boosted its holdings in shares of Twilio by 67.4% in the 3rd 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 last quarter. Bleakley Financial Group LLC purchased a new position in shares of Twilio in the 4th quarter worth about $230,000. Zacks Investment Management bought a new position in Twilio during the third quarter valued at about $3,386,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Twilio during the third quarter worth about $2,168,000. 84.27% of the stock is currently owned by institutional investors.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on TWLO. Needham & Company LLC boosted their target price on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $115.00 to $160.00 in a research note on Friday, January 24th. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Finally, Barclays increased their price target on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.26.

Twilio Price Performance

Shares of NYSE TWLO opened at $106.08 on Monday. The stock’s 50-day simple moving average is $123.26 and its two-hundred day simple moving average is $96.66. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The firm has a market capitalization of $16.27 billion, a P/E ratio of -165.75, a P/E/G ratio of 4.30 and a beta of 1.47. 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 (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, equities analysts anticipate that Twilio Inc. will post 1.44 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.