Slow Capital Inc. lowered its position in shares of Twilio Inc (NYSE:TWLO) by 11.1% in the second quarter, Holdings Channel reports. The firm owned 8,246 shares of the technology company’s stock after selling 1,034 shares during the period. Slow Capital Inc.’s holdings in Twilio were worth $1,124,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TWLO. BlackRock Inc. grew its holdings in shares of Twilio by 26.4% during the 1st quarter. BlackRock Inc. now owns 4,956,403 shares of the technology company’s stock worth $640,268,000 after purchasing an additional 1,034,624 shares during the period. Jennison Associates LLC purchased a new position in Twilio in the 1st quarter worth approximately $123,478,000. FMR LLC boosted its holdings in Twilio by 1,128.3% in the 1st quarter. FMR LLC now owns 973,397 shares of the technology company’s stock worth $125,743,000 after acquiring an additional 894,151 shares during the period. First Trust Advisors LP boosted its holdings in Twilio by 85.3% in the 2nd quarter. First Trust Advisors LP now owns 981,024 shares of the technology company’s stock worth $133,763,000 after acquiring an additional 451,651 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Twilio by 164.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 718,859 shares of the technology company’s stock worth $98,016,000 after acquiring an additional 446,620 shares during the period. Institutional investors and hedge funds own 76.31% of the company’s stock.

Shares of Twilio stock traded up $1.05 on Tuesday, hitting $132.54. 171,130 shares of the company’s stock traded hands, compared to its average volume of 4,259,622. The firm has a market capitalization of $18.17 billion, a PE ratio of -165.76 and a beta of 1.17. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $139.74. Twilio Inc has a 52-week low of $62.43 and a 52-week high of $151.00.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, July 31st. The technology company reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.18). The business had revenue of $275.00 million for the quarter, compared to analysts’ expectations of $264.43 million. Twilio had a negative net margin of 23.07% and a negative return on equity of 7.22%. The business’s quarterly revenue was up 86.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. As a group, equities research analysts predict that Twilio Inc will post -1.39 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the company. DA Davidson upped their price target on Twilio to $163.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JMP Securities upped their price target on Twilio from $123.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 1st. TheStreet upgraded Twilio from a “d” rating to a “c” rating in a report on Monday, June 24th. KeyCorp upped their price target on Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Bank of America upped their price target on Twilio from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $144.77.

In related news, Director Elena A. Donio sold 1,442 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $140.76, for a total transaction of $202,975.92. Following the sale, the director now directly owns 8,458 shares of the company’s stock, valued at approximately $1,190,548.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Karyn Smith sold 1,972 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $128.22, for a total value of $252,849.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,984 shares of company stock worth $22,011,433. Corporate insiders own 10.85% of the company’s stock.

About Twilio

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.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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