Point72 DIFC Ltd Sells 14,748 Shares of Twilio Inc. (NYSE:TWLO)

Point72 DIFC Ltd cut its stake in Twilio Inc. (NYSE:TWLO) by 71.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,758 shares of the technology company’s stock after selling 14,748 shares during the period. Point72 DIFC Ltd’s holdings in Twilio were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Tidal Investments LLC raised its holdings in Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after acquiring an additional 166 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Twilio by 3.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after purchasing an additional 201 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 205 shares during the period. Royal London Asset Management Ltd. lifted its holdings in Twilio by 0.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after purchasing an additional 220 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in Twilio by 43.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,241 shares of Twilio stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $56.29, for a total transaction of $632,755.89. Following the transaction, the chief executive officer now directly owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Twilio news, CEO Khozema Shipchandler sold 11,241 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the transaction, the chief executive officer now owns 300,084 shares in the company, valued at approximately $16,891,728.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,237 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36. Following the completion of the transaction, the insider now owns 160,137 shares in the company, valued at approximately $9,012,510.36. The disclosure for this sale can be found here. Insiders sold 47,030 shares of company stock worth $2,677,475 over the last three months. Company insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Shares of Twilio stock opened at $64.03 on Friday. The company’s 50 day moving average price is $60.17 and its two-hundred day moving average price is $59.47. The firm has a market capitalization of $10.96 billion, a P/E ratio of -15.97, a P/E/G ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. The company had revenue of $1.08 billion during 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 in the prior year, the firm posted ($0.23) earnings per share. On average, equities analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Sanford C. Bernstein lifted their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Tigress Financial lifted their price target on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Twilio has an average rating of “Hold” and a consensus target price of $70.52.

About Twilio

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.