CANADA LIFE ASSURANCE Co Sells 60,383 Shares of Twilio Inc. (NYSE:TWLO)

CANADA LIFE ASSURANCE Co trimmed its holdings in Twilio Inc. (NYSE:TWLO) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 262,582 shares of the technology company’s stock after selling 60,383 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.17% of Twilio worth $28,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Ritholtz Wealth Management acquired a new position in Twilio in the 4th quarter worth $344,000. Bleakley Financial Group LLC bought a new position in shares of Twilio during the fourth quarter worth about $230,000. Aigen Investment Management LP raised its position in Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock valued at $1,248,000 after buying an additional 5,188 shares during the last quarter. Highland Capital Management LLC bought a new stake in Twilio in the 4th quarter valued at approximately $912,000. Finally, Moloney Securities Asset Management LLC acquired a new position in Twilio during the 4th quarter worth approximately $860,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of research reports. Scotiabank boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. UBS Group boosted their price target on shares of Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $115.00 to $160.00 in a report on Friday, January 24th. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $165.00 price target on shares of Twilio in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.13.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction 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 owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock valued at $2,344,149 in the last 90 days. 4.50% of the stock is owned by corporate insiders.

Twilio Stock Performance

Twilio stock opened at $84.76 on Friday. 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 stock has a market cap of $12.94 billion, a PE ratio of -132.43, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The business’s 50-day moving average price is $103.89 and its two-hundred day moving average price is $103.47.

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

Twilio 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.