Twilio Inc. $TWLO Stock: Knights of Columbus Asset Advisors LLC Trims Stake

Knights of Columbus Asset Advisors LLC cut its holdings in Twilio Inc. (NYSE:TWLO) by 13.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 31,946 shares of the technology company’s stock after selling 4,818 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Twilio were worth $9,343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Congress Asset Management Co. boosted its stake in Twilio by 16.2% in the third quarter. Congress Asset Management Co. now owns 160,425 shares of the technology company’s stock valued at $46,918,000 after acquiring an additional 22,311 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Twilio during the 2nd quarter worth approximately $1,637,000. Assenagon Asset Management S.A. raised its position in shares of Twilio by 67.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 120,582 shares of the technology company’s stock worth $24,880,000 after purchasing an additional 48,742 shares during the period. Nykredit A S bought a new stake in shares of Twilio in the 2nd quarter worth approximately $10,514,000. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Twilio in the 1st quarter worth approximately $4,288,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TWLO has been the subject of a number of analyst reports. Bank of America boosted their price objective on Twilio from $270.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, October 14th. Stifel Nicolaus set a $325.00 target price on Twilio in a research report on Wednesday, October 14th. Weiss Ratings cut Twilio from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday. Morgan Stanley reissued an “overweight” rating and set a $261.00 price target (up from $200.00) on shares of Twilio in a report on Friday, August 7th. Finally, BTIG Research upped their price target on shares of Twilio from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $269.48.

Twilio Stock Performance

TWLO opened at $214.31 on Wednesday. The business’s 50 day moving average is $253.42 and its 200-day moving average is $191.15. The stock has a market cap of $33.16 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 4.03 and a beta of 1.49. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.11. Twilio Inc. has a twelve month low of $105.00 and a twelve month high of $308.40.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, October 29th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. Twilio had a return on equity of 5.58% and a net margin of 21.82%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company posted $1.25 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, analysts predict that Twilio Inc. will post 3.27 earnings per share for the current year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 9,084 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the completion of the transaction, the chief financial officer owned 99,246 shares in the company, valued at approximately $29,242,833.90. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $291.03, for a total value of $4,203,055.26. Following the completion of the transaction, the chief executive officer directly owned 178,863 shares of the company’s stock, valued at approximately $52,054,498.89. The trade was a 7.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,818 shares of company stock valued at $11,293,645 in the last quarter. 0.21% of the stock is currently owned by insiders.

Twilio Company Profile

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.