Twilio (TWLO) Position Cut by Macquarie Group Ltd.

Macquarie Group Ltd. cut its position in shares of Twilio (NYSE:TWLO) by 65.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,800 shares of the technology company’s stock after selling 12,750 shares during the period. Macquarie Group Ltd.’s holdings in Twilio were worth $160,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Delpha Capital Management LLC acquired a new position in Twilio during the fourth quarter worth $101,000. Cerebellum GP LLC acquired a new position in Twilio during the fourth quarter worth $117,000. SeaCrest Wealth Management LLC acquired a new position in Twilio during the fourth quarter worth $123,000. Public Employees Retirement Association of Colorado acquired a new position in Twilio during the fourth quarter worth $159,000. Finally, Pinnacle Associates Ltd. acquired a new position in Twilio during the fourth quarter worth $210,000. 60.32% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, CFO Lee Kirkpatrick sold 15,637 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $40.65, for a total value of $635,644.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Karyn Smith sold 4,213 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $25.54, for a total transaction of $107,600.02. The disclosure for this sale can be found here. Insiders sold 124,425 shares of company stock valued at $4,200,694 over the last quarter. Company insiders own 25.03% of the company’s stock.

A number of research firms have weighed in on TWLO. Vetr cut shares of Twilio from a “buy” rating to a “hold” rating and set a $42.47 price objective for the company. in a research report on Wednesday. Robert W. Baird restated a “buy” rating on shares of Twilio in a research report on Thursday, March 15th. Citigroup upped their price objective on shares of Twilio to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 13th. Northland Securities upped their price objective on shares of Twilio from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 11th. Finally, Monness Crespi & Hardt began coverage on shares of Twilio in a research report on Wednesday, April 11th. They set a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.30.

Shares of NYSE TWLO opened at $41.17 on Wednesday. The stock has a market capitalization of $3,694.76, a PE ratio of -52.78 and a beta of -0.49. Twilio has a 52 week low of $22.80 and a 52 week high of $42.54.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, February 13th. The technology company reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.01. The business had revenue of $115.24 million during the quarter, compared to analysts’ expectations of $103.51 million. Twilio had a negative net margin of 15.97% and a negative return on equity of 19.52%. sell-side analysts anticipate that Twilio will post -0.69 EPS for the current fiscal year.

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Twilio Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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