Investors Sell Shares of Twilio (TWLO) on Strength (TWLO)

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Traders sold shares of Twilio Inc (NYSE:TWLO) on strength during trading hours on Tuesday. $193.69 million flowed into the stock on the tick-up and $270.01 million flowed out of the stock on the tick-down, for a money net flow of $76.32 million out of the stock. Of all equities tracked, Twilio had the 19th highest net out-flow for the day. Twilio traded up $5.72 for the day and closed at $112.57

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Twilio from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. JPMorgan Chase & Co. lifted their target price on Twilio to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 7th. KeyCorp lifted their target price on Twilio from $114.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, February 13th. Bank of America restated a “buy” rating and issued a $130.00 target price (up from $125.00) on shares of Twilio in a report on Wednesday, February 13th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $95.00 target price on shares of Twilio in a report on Wednesday, November 7th. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $108.07.

The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of -140.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.78 and a quick ratio of 6.78.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, February 12th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.21. Twilio had a negative return on equity of 21.38% and a negative net margin of 18.76%. The company had revenue of $204.30 million during the quarter, compared to analysts’ expectations of $184.46 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 77.3% compared to the same quarter last year. On average, equities research analysts predict that Twilio Inc will post -0.82 earnings per share for the current fiscal year.

In related news, Director Erika Rottenberg sold 808 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $113.82, for a total transaction of $91,966.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Karyn Smith sold 3,520 shares of the business’s stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $86.38, for a total value of $304,057.60. The disclosure for this sale can be found here. Insiders have sold a total of 129,686 shares of company stock valued at $12,242,029 in the last three months. 19.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TWLO. Advisory Services Network LLC bought a new stake in shares of Twilio in the 4th quarter valued at approximately $180,000. Amalgamated Bank grew its stake in shares of Twilio by 68.5% in the 4th quarter. Amalgamated Bank now owns 16,554 shares of the technology company’s stock valued at $1,478,000 after purchasing an additional 6,731 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Twilio by 65.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 47,384 shares of the technology company’s stock valued at $4,231,000 after purchasing an additional 18,719 shares during the period. HRT Financial LLC bought a new stake in shares of Twilio in the 4th quarter valued at approximately $210,000. Finally, Millennium Management LLC grew its stake in shares of Twilio by 68.1% in the 4th quarter. Millennium Management LLC now owns 1,083,357 shares of the technology company’s stock valued at $96,744,000 after purchasing an additional 439,063 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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About Twilio (NYSE:TWLO)

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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