Twilio Inc. (NYSE:TWLO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,229,377 shares of the technology company’s stock after selling 21,384 shares during the period. Charles Schwab Investment Management Inc. owned about 0.80% of Twilio worth $132,871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State of Michigan Retirement System raised its position in shares of Twilio by 10.1% during the 4th quarter. State of Michigan Retirement System now owns 8,700 shares of the technology company’s stock valued at $940,000 after acquiring an additional 800 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Twilio by 778.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,186 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,051 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Twilio during the 4th quarter valued at approximately $1,140,000. Asahi Life Asset Management CO. LTD. bought a new position in Twilio during the 4th quarter worth $364,000. Finally, Smartleaf Asset Management LLC grew its stake in Twilio by 57.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 985 shares of the technology company’s stock worth $107,000 after buying an additional 361 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Trading Down 2.5 %

Shares of TWLO stock opened at $106.08 on Friday. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a market capitalization of $16.27 billion, a P/E ratio of -165.75, a P/E/G ratio of 4.30 and a beta of 1.47. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $123.26 and a 200 day simple moving average of $96.15.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. On average, sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,277 shares of company stock valued at $2,441,324. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of a number of recent research reports. Scotiabank upped their price objective on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Oppenheimer upped their price objective on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Finally, Needham & Company LLC upped their price objective on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

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.