Pictet Asset Management Holding SA Has $192.89 Million Holdings in Twilio Inc. (NYSE:TWLO)

Pictet Asset Management Holding SA decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,784,716 shares of the technology company’s stock after selling 563,674 shares during the quarter. Pictet Asset Management Holding SA owned approximately 1.16% of Twilio worth $192,892,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TWLO. True Wealth Design LLC increased its position in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Twilio in the fourth quarter valued at $44,000. Finally, Brooklyn Investment Group bought a new position in shares of Twilio in the 3rd quarter valued at about $46,000. Institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is owned by insiders.

Twilio Trading Down 2.9 %

Shares of TWLO stock opened at $98.86 on Friday. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock’s fifty day moving average price is $120.55 and its two-hundred day moving average price is $100.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $15.09 billion, a PE ratio of -154.47, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Equities analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TWLO shares. JPMorgan Chase & Co. raised their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Mizuho boosted their target price on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Barclays upped their price objective on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, JMP Securities restated a “market outperform” rating and set a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

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.