Garner Asset Management Corp decreased its stake in shares of Twilio Inc (NYSE:TWLO) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,440 shares of the technology company’s stock after selling 300 shares during the period. Garner Asset Management Corp’s holdings in Twilio were worth $703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TWLO. Prudential Financial Inc. acquired a new stake in Twilio during the 3rd quarter valued at $288,000. Dimensional Fund Advisors LP grew its holdings in Twilio by 25.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 106,956 shares of the technology company’s stock valued at $9,227,000 after purchasing an additional 21,688 shares in the last quarter. LPL Financial LLC grew its holdings in Twilio by 2.5% during the 3rd quarter. LPL Financial LLC now owns 31,121 shares of the technology company’s stock valued at $2,685,000 after purchasing an additional 771 shares in the last quarter. AQR Capital Management LLC grew its holdings in Twilio by 11.4% during the 3rd quarter. AQR Capital Management LLC now owns 52,385 shares of the technology company’s stock valued at $4,520,000 after purchasing an additional 5,361 shares in the last quarter. Finally, Financial Enhancement Group LLC acquired a new stake in Twilio during the 3rd quarter valued at $434,000. Institutional investors and hedge funds own 57.19% of the company’s stock.

TWLO has been the topic of a number of research analyst reports. Argus increased their price objective on shares of Twilio to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. Guggenheim initiated coverage on shares of Twilio in a research note on Monday, March 11th. They set a “buy” rating and a $140.00 price objective on the stock. KeyCorp reiterated an “overweight” rating and set a $114.00 price objective (up from $103.00) on shares of Twilio in a research note on Tuesday, January 8th. Stephens initiated coverage on shares of Twilio in a research note on Monday, April 1st. They set a “hold” rating and a $110.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Twilio in a research note on Friday, March 15th. They set an “equal weight” rating and a $130.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Twilio presently has an average rating of “Buy” and an average target price of $125.55.

In related news, CEO Jeff Lawson sold 20,830 shares of Twilio stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $121.35, for a total value of $2,527,720.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Karyn Smith sold 1,360 shares of Twilio stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $106.22, for a total transaction of $144,459.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,995 shares of company stock worth $14,604,268. Insiders own 19.80% of the company’s stock.

Shares of Twilio stock traded up $1.31 during trading hours on Tuesday, reaching $129.27. The company’s stock had a trading volume of 2,936,573 shares, compared to its average volume of 4,155,133. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.33 and a current ratio of 6.33. Twilio Inc has a one year low of $39.59 and a one year high of $136.00. The company has a market cap of $15.09 billion, a P/E ratio of -161.59 and a beta of 1.34.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, February 12th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.21. Twilio had a negative net margin of 18.76% and a negative return on equity of 21.00%. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $184.46 million. During the same period last year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 77.3% on a year-over-year basis. As a group, sell-side analysts predict that Twilio Inc will post -1.08 earnings per share for the current year.

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Twilio Company 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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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