iA Global Asset Management Inc. Decreases Stock Position in Twilio Inc. (NYSE:TWLO)

iA Global Asset Management Inc. trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO) by 71.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,513 shares of the technology company’s stock after selling 6,179 shares during the period. iA Global Asset Management Inc.’s holdings in Twilio were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its holdings in Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after buying an additional 33,824 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after buying an additional 99,786 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Twilio by 0.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after buying an additional 4,061 shares during the last quarter. Finally, Goldentree Asset Management LP lifted its holdings in Twilio by 13.5% during the 3rd quarter. Goldentree Asset Management LP now owns 798,102 shares of the technology company’s stock worth $51,935,000 after buying an additional 94,645 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Price Performance

Shares of NYSE:TWLO opened at $103.44 on Friday. The business’s 50 day simple moving average is $121.32 and its 200-day simple moving average is $99.13. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of -161.62, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. 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 Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations 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 analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TWLO. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Tigress Financial lifted 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. JPMorgan Chase & Co. lifted their target price on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $165.00 target price on shares of Twilio in a research report on Friday, February 14th. Finally, Stifel Nicolaus lifted their target price on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and an average price target of $135.35.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction that occurred 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 owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is owned by corporate insiders.

About Twilio

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.