Swedbank AB Has $3.67 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Swedbank AB cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 44.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,254 shares of the technology company’s stock after selling 45,845 shares during the period. Swedbank AB’s holdings in Twilio were worth $3,669,000 as of its most recent SEC filing.

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

Twilio Stock Up 0.9 %

Twilio stock opened at $70.85 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The company’s 50-day moving average is $63.26 and its 200-day moving average is $60.26. The firm has a market capitalization of $12.13 billion, a PE ratio of -17.67, a P/E/G ratio of 4.04 and a beta of 1.35. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. Twilio’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.23) earnings per share. Sell-side analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm’s 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 sale, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,906 shares of company stock valued at $3,388,596. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TWLO shares. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. Sanford C. Bernstein upped their price target on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Tigress Financial lifted their price target on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and an average price target of $70.52.

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.