Twilio Inc. (NYSE:TWLO) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC lowered its holdings in shares of Twilio Inc. (NYSE:TWLO) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,029 shares of the technology company’s stock after selling 2,388 shares during the quarter. Magnetar Financial LLC’s holdings in Twilio were worth $1,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Twilio by 41.8% in the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock valued at $2,537,000 after buying an additional 11,472 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Twilio by 5.3% in the third quarter. CIBC Asset Management Inc now owns 6,421 shares of the technology company’s stock valued at $419,000 after buying an additional 325 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Twilio in the third quarter valued at approximately $253,000. Caprock Group LLC raised its position in shares of Twilio by 152.2% in the third quarter. Caprock Group LLC now owns 11,038 shares of the technology company’s stock valued at $720,000 after buying an additional 6,661 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Twilio in the third quarter valued at approximately $280,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TWLO shares. Mizuho boosted their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Tigress Financial upped their price target on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. Finally, Needham & Company LLC upped their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.35.

Twilio Stock Performance

Shares of TWLO opened at $101.74 on Friday. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a 50-day moving average of $121.41 and a two-hundred day moving average of $98.58. The stock has a market cap of $15.53 billion, a price-to-earnings ratio of -158.97, a PEG ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 over the last three months. 4.50% of the stock is owned by corporate insiders.

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.