AlphaQuest LLC Has $846,000 Stock Position in Twilio Inc. (NYSE:TWLO)

AlphaQuest LLC lowered its holdings in Twilio Inc. (NYSE:TWLO) by 50.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,826 shares of the technology company’s stock after selling 7,925 shares during the quarter. AlphaQuest LLC’s holdings in Twilio were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TWLO. US Bancorp DE grew its holdings in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after buying an additional 217 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Twilio by 56.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company’s stock worth $1,987,000 after purchasing an additional 10,954 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Twilio by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,949 shares of the technology company’s stock worth $349,000 after purchasing an additional 282 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Twilio during the 3rd quarter worth approximately $294,000. Finally, Covestor Ltd grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Transactions at Twilio

In related 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 transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly 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 this link. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock worth $2,441,324 over the last 90 days. 4.50% of the stock is owned by insiders.

Twilio Trading Down 7.2 %

TWLO stock opened at $98.44 on Tuesday. The company has a market cap of $15.10 billion, a P/E ratio of -153.80, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $123.05 and a 200-day moving average of $96.93.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on TWLO shares. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price objective on shares of Twilio in a report on Tuesday, January 21st. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $77.00 to $185.00 in a report on Monday, January 27th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Oppenheimer raised their target price on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Tigress Financial raised their target price on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $134.26.

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.