Sumitomo Mitsui Trust Group Inc. Reduces Position in Twilio Inc. (NYSE:TWLO)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Twilio Inc. (NYSE:TWLO) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,161 shares of the technology company’s stock after selling 28,601 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Twilio worth $37,521,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TWLO. Robeco Institutional Asset Management B.V. boosted its holdings in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares during the last quarter. KBC Group NV boosted its holdings in Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after purchasing an additional 258,469 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after purchasing an additional 193,971 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, 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. In the last quarter, insiders sold 22,015 shares of company stock worth $2,483,695. Insiders own 4.50% of the company’s stock.

Twilio Stock Down 1.0 %

TWLO stock opened at $143.04 on Wednesday. The company has a market cap of $21.94 billion, a price-to-earnings ratio of -55.66, a PEG ratio of 3.60 and a beta of 1.43. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The firm has a 50-day moving average of $118.81 and a two-hundred day moving average of $88.36.

Analyst Ratings Changes

Several research firms have commented on TWLO. Wells Fargo & Company upped their price target on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday, January 24th. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 target price on shares of Twilio in a research note on Tuesday, January 21st. Scotiabank increased their target price on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, Morgan Stanley increased their target price on shares of Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Twilio has an average rating of “Moderate Buy” and an average target price of $119.25.

Twilio Company 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.