MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 115,984 Shares of Twilio Inc. (NYSE:TWLO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in shares of Twilio Inc. (NYSE:TWLO) by 29.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 273,017 shares of the technology company’s stock after selling 115,984 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Twilio were worth $29,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in Twilio during the fourth quarter valued at $301,258,000. Norges Bank purchased a new stake in Twilio during the fourth quarter valued at $222,146,000. Northern Trust Corp raised its stake in shares of Twilio by 9.5% in the fourth quarter. Northern Trust Corp now owns 1,108,945 shares of the technology company’s stock valued at $119,855,000 after acquiring an additional 96,010 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after acquiring an additional 99,786 shares during the period. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt increased their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group upped their price target on shares of Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. UBS Group cut their price target on shares of Twilio from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.41.

Twilio Stock Down 0.3%

NYSE:TWLO opened at $114.16 on Thursday. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a market capitalization of $17.42 billion, a P/E ratio of -178.38, a P/E/G ratio of 4.30 and a beta of 1.44. 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’s 50-day simple moving average is $96.15 and its 200-day simple moving average is $106.90.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $0.80 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares of the company’s stock, valued at $16,936,243.20. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 0.21% 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.