Sumitomo Mitsui Trust Holdings Inc. Has $169.88 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Twilio Inc. (NYSE:TWLO) by 54.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,778,028 shares of the technology company’s stock after selling 3,268,417 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Twilio were worth $169,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Invesco Ltd. increased its stake in Twilio by 1.1% in the third quarter. Invesco Ltd. now owns 192,951 shares of the technology company’s stock valued at $11,293,000 after purchasing an additional 2,009 shares in the last quarter. LPL Financial LLC lifted its holdings in Twilio by 1.8% during the third quarter. LPL Financial LLC now owns 122,846 shares of the technology company’s stock worth $7,190,000 after acquiring an additional 2,149 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Twilio by 31.1% in the third quarter. Tower Research Capital LLC TRC now owns 13,165 shares of the technology company’s stock valued at $771,000 after acquiring an additional 3,122 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of Twilio by 4.0% in the third quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock worth $345,000 after acquiring an additional 228 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in shares of Twilio by 6.3% during the third quarter. Scotia Capital Inc. now owns 4,131 shares of the technology company’s stock worth $242,000 after purchasing an additional 243 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a research note on Tuesday, June 25th. Royal Bank of Canada reiterated an “underperform” rating and set a $50.00 target price on shares of Twilio in a report on Wednesday, March 6th. The Goldman Sachs Group boosted their price target on Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Needham & Company LLC reiterated a “buy” rating and set a $71.00 price objective on shares of Twilio in a report on Monday, May 20th. Finally, Robert W. Baird cut their target price on Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.48.

Insider Activity

In other news, CFO Aidan Viggiano sold 3,375 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the sale, the chief financial officer now directly owns 231,036 shares in the company, valued at $14,044,678.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Aidan Viggiano sold 3,375 shares of Twilio stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total value of $205,166.25. Following the transaction, the chief financial officer now directly owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 24,657 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the sale, the chief executive officer now directly owns 311,325 shares in the company, valued at $17,745,525. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,625 shares of company stock worth $1,770,359. Insiders own 4.50% of the company’s stock.

Twilio Stock Up 0.1 %

Shares of Twilio stock traded up $0.05 on Wednesday, hitting $57.27. The stock had a trading volume of 149,868 shares, compared to its average volume of 2,999,802. The business’s 50 day moving average is $58.45 and its two-hundred day moving average is $63.47. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55.

Twilio (NYSE:TWLO) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. Equities research analysts predict that Twilio Inc. will post 0.18 earnings per share for the current year.

About Twilio

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.