Carmignac Gestion Sells 30,000 Shares of Twilio Inc. $TWLO

Carmignac Gestion cut its holdings in Twilio Inc. (NYSE:TWLO) by 60.0% in the first quarter, Holdings Channel reports. The fund owned 20,000 shares of the technology company’s stock after selling 30,000 shares during the quarter. Carmignac Gestion’s holdings in Twilio were worth $2,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. increased its position in Twilio by 6.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,459 shares of the technology company’s stock valued at $208,000 after purchasing an additional 86 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of Twilio by 27.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 429 shares of the technology company’s stock worth $54,000 after purchasing an additional 93 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Twilio by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 5,911 shares of the technology company’s stock valued at $841,000 after purchasing an additional 99 shares in the last quarter. Invst LLC boosted its stake in shares of Twilio by 1.6% during the fourth quarter. Invst LLC now owns 6,887 shares of the technology company’s stock valued at $980,000 after purchasing an additional 107 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its holdings in Twilio by 0.9% during the fourth quarter. Krane Funds Advisors LLC now owns 12,407 shares of the technology company’s stock valued at $1,765,000 after buying an additional 114 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Up 0.1%

NYSE TWLO opened at $197.48 on Monday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.13. The firm has a market cap of $29.97 billion, a PE ratio of 308.57, a price-to-earnings-growth ratio of 3.93 and a beta of 1.37. The company has a 50 day moving average price of $202.11 and a 200 day moving average price of $159.07. Twilio Inc. has a 52 week low of $91.84 and a 52 week high of $238.48.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, April 30th. The technology company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.23. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Twilio had a net margin of 1.96% and a return on equity of 4.64%. Twilio’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. As a group, sell-side analysts forecast that Twilio Inc. will post 2.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on TWLO. Zacks Research raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. KeyCorp increased their target price on Twilio from $156.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. UBS Group lifted their price target on Twilio from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings raised Twilio from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, BTIG Research upped their price objective on Twilio from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $220.59.

Insider Activity

In other news, CFO Aidan Viggiano sold 9,093 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $201.25, for a total transaction of $1,829,966.25. Following the transaction, the chief financial officer directly owned 118,252 shares of the company’s stock, valued at approximately $23,798,215. This represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 44,158 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $235.88, for a total value of $10,415,989.04. Following the sale, the chief executive officer owned 235,542 shares of the company’s stock, valued at approximately $55,559,646.96. This represents a 15.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,802,480 shares of company stock valued at $341,620,487 over the last three months. Company insiders own 0.21% of the company’s stock.

Twilio Company Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.