Mirae Asset Global Investments Co. Ltd. Sells 522 Shares of Twilio Inc. (NYSE:TWLO)

Mirae Asset Global Investments Co. Ltd. lessened its stake in Twilio Inc. (NYSE:TWLO) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,065 shares of the technology company’s stock after selling 522 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Twilio were worth $974,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp grew its position in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after buying an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Twilio in the 2nd quarter valued at about $29,000. GAMMA Investing LLC lifted its stake in shares of Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the period. Lynx Investment Advisory acquired a new position in shares of Twilio in the 2nd quarter valued at about $45,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of 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 own 84.27% of the company’s stock.

Insider Activity

In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares in the company, valued at $10,276,210. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock valued at $3,388,596 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Performance

TWLO stock opened at $84.82 on Friday. The firm has a market cap of $13.62 billion, a PE ratio of -33.00, a P/E/G ratio of 4.02 and a beta of 1.35. 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 has a 50 day moving average of $65.80 and a 200-day moving average of $61.12. Twilio Inc. has a 12-month low of $51.90 and a 12-month high of $85.59.

Twilio (NYSE:TWLO) last released its earnings results 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 analyst estimates of $1.06 billion. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. Twilio’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) earnings per share. As a group, sell-side analysts expect that Twilio Inc. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TWLO shares. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Barclays boosted their price objective on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Tigress Financial upped their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Twilio presently has a consensus rating of “Hold” and an average target price of $79.55.

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.