Van ECK Associates Corp Trims Holdings in Twilio Inc. (NYSE:TWLO)

Van ECK Associates Corp decreased its stake in shares of Twilio Inc. (NYSE:TWLO) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,672 shares of the technology company’s stock after selling 277 shares during the period. Van ECK Associates Corp’s holdings in Twilio were worth $505,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Certuity LLC bought a new position in shares of Twilio in the fourth quarter valued at approximately $255,000. Focus Financial Network Inc. purchased a new stake in Twilio in the 4th quarter worth approximately $261,000. Summit Trail Advisors LLC bought a new position in Twilio in the 4th quarter valued at $657,000. Savant Capital LLC grew its position in shares of Twilio by 2.2% during the 4th quarter. Savant Capital LLC now owns 27,707 shares of the technology company’s stock valued at $2,995,000 after purchasing an additional 606 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Twilio in the fourth quarter worth $294,000. Institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,406 shares of company stock worth $2,656,889 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Twilio Stock Performance

NYSE:TWLO opened at $114.16 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The firm has a market cap of $17.51 billion, a PE ratio of -178.37, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43. The business has a 50 day moving average price of $122.09 and a 200-day moving average price of $92.34.

Twilio (NYSE:TWLO) last announced 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 firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TWLO shares. Barclays boosted their target price on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Oppenheimer boosted their price objective on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $115.00 to $160.00 in a research report on Friday, January 24th. Finally, Morgan Stanley increased their price target on shares of Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.91.

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.