New York Life Investment Management LLC Has $1.80 Million Stake in Twilio Inc. (NYSE:TWLO)

New York Life Investment Management LLC cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 13.9% during the 4th quarter, HoldingsChannel reports. The firm owned 16,675 shares of the technology company’s stock after selling 2,703 shares during the period. New York Life Investment Management LLC’s holdings in Twilio were worth $1,802,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares during the last quarter. New York State Teachers Retirement System grew its position in Twilio by 44.3% during the 3rd quarter. New York State Teachers Retirement System now owns 16,017 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 4,916 shares during the last quarter. Financial Advocates Investment Management acquired a new position in Twilio in the 3rd quarter worth about $232,000. US Bancorp DE raised its position in Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after purchasing an additional 217 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Twilio by 56.1% during the third quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company’s stock valued at $1,987,000 after purchasing an additional 10,954 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Up 2.3 %

TWLO stock opened at $119.91 on Monday. The stock’s 50 day simple moving average is $123.07 and its 200 day simple moving average is $94.83. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two 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. The company has a market cap of $18.39 billion, a P/E ratio of -187.36, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 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 firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The stock was 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 of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,906 shares of company stock valued at $2,950,514. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TWLO. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Oppenheimer upped their price target on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Tigress Financial boosted their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Needham & Company LLC increased their price objective on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Robert W. Baird raised 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 report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

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.