Ossiam Sells 5,626 Shares of Twilio Inc. (NYSE:TWLO)

Ossiam reduced its holdings in shares of Twilio Inc. (NYSE:TWLO) by 56.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,335 shares of the technology company’s stock after selling 5,626 shares during the quarter. Ossiam’s holdings in Twilio were worth $469,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of Twilio by 0.8% in the fourth quarter. Capital World Investors now owns 583,373 shares of the technology company’s stock valued at $63,051,000 after purchasing an additional 4,491 shares during the last quarter. Forum Financial Management LP purchased a new position in Twilio in the fourth quarter valued at approximately $492,000. GeoWealth Management LLC lifted its position in shares of Twilio by 59.3% during the 4th quarter. GeoWealth Management LLC now owns 943 shares of the technology company’s stock valued at $102,000 after buying an additional 351 shares during the last quarter. Commerce Bank grew its stake in shares of Twilio by 725.7% during the 4th quarter. Commerce Bank now owns 27,273 shares of the technology company’s stock worth $2,948,000 after acquiring an additional 23,970 shares during the period. Finally, Farringdon Capital Ltd. purchased a new stake in Twilio in the 4th quarter worth about $309,000. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

TWLO stock opened at $83.74 on Wednesday. The firm has a market cap of $12.78 billion, a P/E ratio of -130.84, a P/E/G ratio of 4.30 and a beta of 1.50. The firm’s fifty day moving average is $101.36 and its 200 day moving average is $103.69. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current 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 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 for the quarter, compared to the consensus estimate of $1.19 billion. Research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TWLO shares. Mizuho reduced their target price on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group raised their price target on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $115.00 to $160.00 in a report on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Tigress Financial increased their price target on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and an average target price of $130.61.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 7,524 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the transaction, the chief financial officer now owns 176,640 shares of the company’s stock, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their position. The sale 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 Twilio stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,471 shares of company stock worth $2,344,149. Company insiders own 4.50% of the company’s stock.

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.