TD Asset Management Inc Sells 27,516 Shares of Twilio Inc. (NYSE:TWLO)

TD Asset Management Inc reduced its stake in Twilio Inc. (NYSE:TWLO) by 63.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,657 shares of the technology company’s stock after selling 27,516 shares during the period. TD Asset Management Inc’s holdings in Twilio were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the period. Greenwood Capital Associates LLC bought a new stake in shares of Twilio in the 4th quarter valued at approximately $478,000. V Square Quantitative Management LLC grew its stake in shares of Twilio by 68.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after purchasing an additional 792 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Twilio in the 4th quarter valued at approximately $1,689,000. Finally, Bares Capital Management Inc. grew its stake in shares of Twilio by 28.6% in the 4th quarter. Bares Capital Management Inc. now owns 428,730 shares of the technology company’s stock valued at $32,528,000 after purchasing an additional 95,258 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TWLO shares. JPMorgan Chase & Co. increased their price target on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $71.00 price target on shares of Twilio in a research report on Monday, May 20th. Morgan Stanley lowered Twilio from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Barclays decreased their price target 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. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Twilio presently has an average rating of “Hold” and an average price target of $70.52.

Twilio Stock Performance

TWLO stock opened at $59.46 on Friday. The company has a market cap of $9.55 billion, a P/E ratio of -14.83, a price-to-earnings-growth ratio of 3.37 and a beta of 1.35. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average is $59.50 and its 200-day moving average is $59.35.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.23) EPS. Equities research analysts forecast that Twilio Inc. will post 0.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the sale, the insider now owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Twilio news, insider Dana Wagner sold 591 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the transaction, the insider now owns 156,737 shares in the company, valued at approximately $9,540,581.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,586 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $370,528.36. Following the transaction, the chief financial officer now owns 188,462 shares of the company’s stock, valued at approximately $10,602,872.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,030 shares of company stock valued at $2,677,475. 4.50% of the stock is owned by company insiders.

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.