Y Intercept Hong Kong Ltd Sells 21,638 Shares of Twilio Inc. (NYSE:TWLO)

Y Intercept Hong Kong Ltd lessened its stake in Twilio Inc. (NYSE:TWLO) by 76.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,571 shares of the technology company’s stock after selling 21,638 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Twilio were worth $710,000 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 the stock. Allworth Financial LP increased its holdings in Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after purchasing an additional 94 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after acquiring an additional 104 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 112 shares in the last quarter. Covestor Ltd increased its holdings in shares of Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after acquiring an additional 148 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on 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 owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,906 shares of company stock worth $2,950,514. Company insiders own 4.50% of the company’s stock.

Twilio Price Performance

NYSE:TWLO opened at $119.91 on Friday. 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’s 50 day moving average price is $123.07 and its two-hundred day moving average price is $94.36. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of -187.36, a P/E/G ratio of 4.30 and a beta of 1.43. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) 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 the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a report on Friday. Scotiabank upped their price objective on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price objective on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Twilio has an average rating of “Moderate Buy” and an average 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.