Twilio Inc. $TWLO Stock: Knights of Columbus Asset Advisors LLC Lowers Holdings

Knights of Columbus Asset Advisors LLC lessened its stake in shares of Twilio Inc. (NYSE:TWLO) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,946 shares of the technology company’s stock after selling 4,818 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Twilio were worth $9,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TWLO. Royal Bank of Canada grew its stake in shares of Twilio by 10.8% in the first quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company’s stock valued at $410,330,000 after buying an additional 316,858 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Twilio by 21.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,501 shares of the technology company’s stock worth $300,517,000 after acquiring an additional 173,467 shares in the last quarter. Atreides Management LP boosted its holdings in Twilio by 28.5% in the 1st quarter. Atreides Management LP now owns 921,602 shares of the technology company’s stock worth $115,956,000 after acquiring an additional 204,656 shares during the period. KBC Group NV boosted its holdings 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 acquiring an additional 11,014 shares during the period. Finally, First Trust Advisors LP boosted its holdings 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 acquiring an additional 70,154 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of TWLO opened at $214.31 on Wednesday. The firm has a market cap of $33.16 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 4.03 and a beta of 1.49. The company has a quick ratio of 4.47, a current ratio of 4.47 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $253.42 and its two-hundred day moving average is $191.15. Twilio Inc. has a 52-week low of $105.00 and a 52-week high of $308.40.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Twilio had a net margin of 21.82% and a return on equity of 5.58%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. Analysts forecast that Twilio Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

TWLO has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $240.00 price objective on shares of Twilio in a research note on Friday, August 7th. BTIG Research upped their target price on shares of Twilio from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, October 16th. Mizuho set a $270.00 price target on shares of Twilio in a report on Wednesday, August 12th. TD Cowen reaffirmed a “buy” rating on shares of Twilio in a research note on Friday, October 30th. Finally, Tigress Financial boosted their price objective on shares of Twilio from $255.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $269.48.

Insider Activity

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

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.