Twilio Inc. (NYSE:TWLO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in Twilio Inc. (NYSE:TWLOGet Rating) by 36.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,195 shares of the technology company’s stock after selling 91,600 shares during the period. Renaissance Technologies LLC owned about 0.09% of Twilio worth $41,922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ARK Investment Management LLC lifted its position in shares of Twilio by 25.0% in the fourth quarter. ARK Investment Management LLC now owns 4,059,214 shares of the technology company’s stock valued at $1,068,953,000 after acquiring an additional 810,637 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of Twilio by 30.0% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,984,512 shares of the technology company’s stock valued at $792,537,000 after acquiring an additional 689,360 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Twilio by 22.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,434,055 shares of the technology company’s stock valued at $904,324,000 after acquiring an additional 621,427 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Twilio in the fourth quarter valued at approximately $118,167,000. Finally, TD Asset Management Inc. lifted its position in shares of Twilio by 163.4% in the fourth quarter. TD Asset Management Inc. now owns 626,554 shares of the technology company’s stock valued at $164,997,000 after acquiring an additional 388,708 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

In other news, COO Khozema Shipchandler sold 1,604 shares of Twilio stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $167.94, for a total value of $269,375.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 2,387 shares of Twilio stock in a transaction on Monday, May 16th. The shares were sold at an average price of $105.91, for a total value of $252,807.17. Following the completion of the sale, the insider now directly owns 79,665 shares of the company’s stock, valued at $8,437,320.15. The disclosure for this sale can be found here. Insiders sold 16,085 shares of company stock valued at $2,066,583 over the last ninety days. Insiders own 4.96% of the company’s stock.

Several research firms have recently weighed in on TWLO. KeyCorp raised their target price on Twilio from $283.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, February 10th. Canaccord Genuity Group reduced their price objective on Twilio from $510.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, February 10th. Oppenheimer reduced their price objective on Twilio from $380.00 to $320.00 in a research report on Thursday, May 5th. Macquarie lifted their price objective on Twilio from $281.00 to $306.00 and gave the stock an “outperform” rating in a research report on Thursday, February 10th. Finally, StockNews.com started coverage on Twilio in a research report on Thursday, March 31st. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $284.96.

Shares of NYSE TWLO opened at $103.03 on Friday. Twilio Inc. has a twelve month low of $87.67 and a twelve month high of $412.68. The company has a current ratio of 8.10, a quick ratio of 8.43 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $134.25 and a 200-day simple moving average of $196.05. The stock has a market capitalization of $18.72 billion, a PE ratio of -18.97 and a beta of 1.54.

Twilio Company Profile (Get Rating)

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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