Cibc World Markets Corp Has $746,000 Position in Twilio Inc. (NYSE:TWLO)

Cibc World Markets Corp reduced its position in shares of Twilio Inc. (NYSE:TWLO) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,904 shares of the technology company’s stock after selling 2,572 shares during the quarter. Cibc World Markets Corp’s holdings in Twilio were worth $746,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of Twilio by 41.8% during the 3rd quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock valued at $2,537,000 after acquiring an additional 11,472 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Twilio during the 3rd quarter valued at $253,000. Caprock Group LLC grew its holdings in shares of Twilio by 152.2% during the 3rd quarter. Caprock Group LLC now owns 11,038 shares of the technology company’s stock valued at $720,000 after acquiring an additional 6,661 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Twilio during the 3rd quarter valued at $280,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Twilio during the 3rd quarter valued at $758,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several research analyst reports. William Blair restated an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Wells Fargo & Company upped their price objective on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Scotiabank upped their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, Barclays upped their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.35.

Twilio Stock Up 1.6 %

Shares of TWLO opened at $103.44 on Friday. The company has a 50-day simple moving average of $121.32 and a 200-day simple moving average of $99.13. The firm has a market capitalization of $15.79 billion, a P/E ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares of the company’s stock, valued at $21,630,061.80. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

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.