International Assets Investment Management LLC Reduces Position in Twilio Inc. (NYSE:TWLO)

International Assets Investment Management LLC lowered its stake in shares of Twilio Inc. (NYSE:TWLO) by 76.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 911 shares of the technology company’s stock after selling 3,010 shares during the period. International Assets Investment Management LLC’s holdings in Twilio were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in Twilio in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Twilio in the second quarter valued at $29,000. Activest Wealth Management increased its stake in Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Westend Capital Management LLC purchased a new position in Twilio during the first quarter worth about $35,000. Finally, GAMMA Investing LLC boosted its stake in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,237 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.28, for a total value of $238,458.36. Following the completion of the sale, the insider now owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Dana Wagner sold 4,237 shares of Twilio stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the sale, the insider now directly owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the sale, the chief financial officer now owns 184,570 shares in the company, valued at $11,382,431.90. The disclosure for this sale can be found here. Insiders have sold 71,687 shares of company stock worth $4,082,924 in the last ninety days. Insiders own 4.50% of the company’s stock.

Twilio Stock Down 0.6 %

Shares of NYSE TWLO opened at $60.84 on Thursday. The firm’s 50-day moving average is $59.18 and its 200-day moving average is $59.27. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 1 year low of $49.86 and a 1 year high of $78.16. The firm has a market capitalization of $10.41 billion, a PE ratio of -15.17, a price-to-earnings-growth ratio of 3.57 and a beta of 1.35.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Equities analysts expect that Twilio Inc. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Tigress Financial boosted their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Barclays cut their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $71.00 target price on shares of Twilio in a report on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus price target of $70.52.

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.