Twilio Inc. $TWLO Holdings Decreased by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its stake in shares of Twilio Inc. (NYSE:TWLO) by 27.1% in the 3rd quarter, Holdings Channel reports. The fund owned 97,056 shares of the technology company’s stock after selling 36,126 shares during the quarter. King Luther Capital Management Corp’s holdings in Twilio were worth $28,385,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in shares of Twilio by 10.8% during the first quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company’s stock worth $410,330,000 after acquiring an additional 316,858 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Twilio by 21.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,501 shares of the technology company’s stock valued at $300,517,000 after acquiring an additional 173,467 shares in the last quarter. Atreides Management LP lifted its position in Twilio by 28.5% in the 1st quarter. Atreides Management LP now owns 921,602 shares of the technology company’s stock valued at $115,956,000 after acquiring an additional 204,656 shares in the last quarter. KBC Group NV boosted its stake in Twilio by 1.4% in the 1st quarter. KBC Group NV now owns 790,548 shares of the technology company’s stock worth $99,466,000 after purchasing an additional 11,014 shares during the period. Finally, First Trust Advisors LP boosted its stake in Twilio by 10.8% in the 1st quarter. First Trust Advisors LP now owns 721,734 shares of the technology company’s stock worth $90,808,000 after purchasing an additional 70,154 shares during the period. Institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 9,084 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the transaction, the chief financial officer owned 99,246 shares of the company’s stock, valued at $29,242,833.90. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $291.03, for a total value of $4,203,055.26. Following the sale, the chief executive officer owned 178,863 shares in the company, valued at approximately $52,054,498.89. This represents a 7.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 38,818 shares of company stock valued at $11,293,645 over the last three months. Insiders own 0.21% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO opened at $219.64 on Thursday. The stock has a market capitalization of $33.99 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 4.16 and a beta of 1.49. The business has a 50-day moving average of $253.26 and a 200-day moving average of $191.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.47 and a quick ratio of 4.47. Twilio Inc. has a fifty-two week low of $105.00 and a fifty-two week high of $308.40.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. Twilio had a return on equity of 5.58% and a net margin of 21.82%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. Twilio’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, sell-side analysts predict that Twilio Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $261.00 target price (up from $200.00) on shares of Twilio in a report on Friday, August 7th. Piper Sandler lifted their price target on Twilio from $192.00 to $247.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings lowered Twilio from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday. TD Cowen reiterated a “buy” rating on shares of Twilio in a report on Friday, October 30th. Finally, BTIG Research upped their price target on Twilio from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $269.48.

Twilio Company Profile

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.