Hillsdale Investment Management Inc. Sells 2,250 Shares of Twilio Inc. (NYSE:TWLO)

Hillsdale Investment Management Inc. reduced its holdings in Twilio Inc. (NYSE:TWLO) by 20.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,000 shares of the technology company’s stock after selling 2,250 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Twilio were worth $973,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its stake in Twilio by 1,267.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company’s stock worth $49,115,000 after acquiring an additional 421,199 shares during the period. KBC Group NV lifted its position in shares of Twilio by 1,138.4% in the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after purchasing an additional 258,469 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Twilio during the 4th quarter valued at about $25,778,000. Franklin Resources Inc. increased its position in shares of Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after buying an additional 193,971 shares during the period. Finally, Amundi raised its stake in Twilio by 53.4% in the fourth quarter. Amundi now owns 517,052 shares of the technology company’s stock worth $57,424,000 after buying an additional 179,899 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business’s 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on TWLO shares. Jefferies Financial Group lifted their price objective on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, February 14th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Oppenheimer raised their price objective on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Tigress Financial boosted their target price on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Twilio presently has an average rating of “Moderate Buy” and a consensus price target of $135.35.

Twilio Price Performance

NYSE TWLO opened at $103.44 on Monday. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The business’s fifty day moving average price is $121.32 and its 200-day moving average price is $99.40.

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

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.