Jacobs Levy Equity Management Inc. Lowers Position in Twilio Inc. (NYSE:TWLO)

Jacobs Levy Equity Management Inc. lowered its stake in Twilio Inc. (NYSE:TWLO) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 723,896 shares of the technology company’s stock after selling 143,025 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Twilio were worth $78,239,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Focus Partners Wealth increased its holdings in Twilio by 3.5% in the 4th quarter. Focus Partners Wealth now owns 66,902 shares of the technology company’s stock valued at $7,236,000 after purchasing an additional 2,242 shares during the last quarter. Ethic Inc. grew its stake in shares of Twilio by 54.2% in the fourth quarter. Ethic Inc. now owns 13,384 shares of the technology company’s stock valued at $1,447,000 after buying an additional 4,702 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of Twilio by 38.1% in the 4th quarter. Ensign Peak Advisors Inc now owns 324,710 shares of the technology company’s stock valued at $35,095,000 after buying an additional 89,512 shares during the period. FORA Capital LLC acquired a new position in Twilio during the 4th quarter worth about $7,999,000. Finally, Frontier Capital Management Co. LLC boosted its holdings in Twilio by 92.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 819,896 shares of the technology company’s stock valued at $88,614,000 after acquiring an additional 393,348 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of Twilio stock opened at $105.71 on Friday. The firm’s fifty day simple moving average is $95.98 and its 200-day simple moving average is $106.27. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of -165.17, a PEG ratio of 4.30 and a beta of 1.44. 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 data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.80 earnings per share. Twilio’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,471 shares of company stock worth $2,344,149. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Scotiabank increased their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 2nd. HSBC upgraded shares of Twilio from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. Tigress Financial reiterated a “buy” rating and issued a $170.00 price objective on shares of Twilio in a research note on Thursday. William Blair restated an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Finally, Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and an average target price of $124.41.

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.