Magnetar Financial LLC Sells 2,388 Shares of Twilio Inc. (NYSE:TWLO)

Magnetar Financial LLC decreased its holdings in Twilio Inc. (NYSE:TWLO) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,029 shares of the technology company’s stock after selling 2,388 shares during the period. Magnetar Financial LLC’s holdings in Twilio were worth $1,949,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in Twilio by 0.8% in the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after purchasing an additional 77,436 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after acquiring an additional 444,295 shares during the period. Geode Capital Management LLC increased its position in shares of Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after acquiring an additional 33,824 shares during the period. Bank of New York Mellon Corp increased its position in shares of Twilio by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after acquiring an additional 99,786 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after acquiring an additional 4,061 shares during the period. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Mizuho lifted their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Wells Fargo & Company lifted their price objective on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.35.

Insider Activity at Twilio

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

Twilio Price Performance

Shares of TWLO opened at $101.74 on Friday. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The firm’s 50 day moving average price is $121.41 and its 200 day moving average price is $98.58. The company has a market cap of $15.53 billion, a P/E ratio of -158.97, a PEG 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.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. On average, research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.