Twilio Inc. (NYSE:TWLO) Position Cut by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in shares of Twilio Inc. (NYSE:TWLO) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,592 shares of the technology company’s stock after selling 4,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Twilio were worth $3,847,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the period. Pacer Advisors Inc. grew its position in Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares in the last quarter. KBC Group NV increased its stake in Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after buying an additional 258,469 shares during the period. Franklin Resources Inc. raised its position in shares of Twilio by 2,412.9% during the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after buying an additional 193,971 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Twilio by 1,124.8% in the 4th quarter. Principal Financial Group Inc. now owns 142,602 shares of the technology company’s stock worth $15,412,000 after acquiring an additional 130,959 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,906 shares of company stock valued at $2,950,514 over the last three months. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on TWLO shares. Wells Fargo & Company raised their price objective on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Needham & Company LLC lifted their price target on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. UBS Group upped their price objective on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. 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. Finally, The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

Twilio Price Performance

Shares of NYSE:TWLO opened at $115.44 on Wednesday. The company’s fifty day moving average is $122.33 and its two-hundred day moving average is $93.60. The company has a market cap of $17.71 billion, a P/E ratio of -180.38, a price-to-earnings-growth ratio of 4.30 and a beta of 1.42. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.