Swiss National Bank Sells 39,160 Shares of Twilio Inc. (NYSE:TWLO)

Posted by on May 11th, 2023

Swiss National Bank lowered its stake in shares of Twilio Inc. (NYSE:TWLO – Get Rating) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 704,300 shares of the technology company’s stock after selling 39,160 shares during the quarter. Swiss National Bank owned about 0.38% of Twilio worth $34,483,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. James Investment Research Inc. bought a new stake in Twilio during the fourth quarter worth approximately $26,000. Zullo Investment Group Inc. boosted its position in shares of Twilio by 263.6% in the third quarter. Zullo Investment Group Inc. now owns 400 shares of the technology company’s stock valued at $28,000 after acquiring an additional 290 shares during the period. Lazard Asset Management LLC boosted its position in shares of Twilio by 169.4% in the third quarter. Lazard Asset Management LLC now owns 501 shares of the technology company’s stock valued at $34,000 after acquiring an additional 315 shares during the period. Covestor Ltd boosted its position in shares of Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after acquiring an additional 172 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in shares of Twilio in the third quarter valued at approximately $36,000. Institutional investors own 78.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TWLO. Morgan Stanley cut their target price on Twilio from $82.00 to $65.00 in a research note on Wednesday. Jefferies Financial Group upped their target price on Twilio from $50.00 to $60.00 in a research note on Friday, February 24th. Bank of America cut their target price on Twilio from $65.00 to $55.00 in a research note on Wednesday. Mizuho upped their target price on Twilio from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. Finally, Stifel Nicolaus cut their target price on Twilio from $75.00 to $50.00 in a research note on Wednesday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.67.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 3,881 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $63.78, for a total transaction of $247,530.18. Following the transaction, the insider now owns 158,990 shares of the company’s stock, valued at approximately $10,140,382.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 3,881 shares of Twilio stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $63.78, for a total transaction of $247,530.18. Following the completion of the transaction, the insider now directly owns 158,990 shares in the company, valued at approximately $10,140,382.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna Dubinsky bought 3,995 shares of Twilio stock in a transaction dated Friday, February 24th. The shares were acquired at an average price of $62.72 per share, with a total value of $250,566.40. Following the completion of the purchase, the director now directly owns 13,232 shares in the company, valued at approximately $829,911.04. The disclosure for this purchase can be found here. Insiders have sold 38,842 shares of company stock valued at $2,490,031 in the last 90 days. 4.96% of the stock is currently owned by insiders.

Twilio Trading Down 12.6 %

NYSE:TWLO opened at $48.92 on Thursday. Twilio Inc. has a fifty-two week low of $41.00 and a fifty-two week high of $112.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.17 and a quick ratio of 6.17. The stock has a market capitalization of $9.16 billion, a PE ratio of -7.12 and a beta of 1.47. The business’s 50-day simple moving average is $60.55 and its 200-day simple moving average is $57.25.

Twilio (NYSE:TWLO – Get Rating) last announced its earnings results on Wednesday, February 15th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.31. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Twilio had a negative return on equity of 7.63% and a negative net margin of 32.83%. Twilio’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.25) EPS. Sell-side analysts expect that Twilio Inc. will post -2.05 earnings per share for the current fiscal year.

Twilio Company Profile

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Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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