Twilio Inc. (NYSE:TWLO) Shares Sold by Amundi Asset Management US Inc.

Amundi Asset Management US Inc. lowered its stake in Twilio Inc. (NYSE:TWLO) by 5.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 497,906 shares of the technology company’s stock after selling 27,805 shares during the quarter. Amundi Asset Management US Inc.’s holdings in Twilio were worth $169,668,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. WMS Partners LLC boosted its stake in Twilio by 2.9% during the 4th quarter. WMS Partners LLC now owns 885 shares of the technology company’s stock worth $300,000 after purchasing an additional 25 shares during the last quarter. Evanson Asset Management LLC boosted its stake in Twilio by 2.8% during the 1st quarter. Evanson Asset Management LLC now owns 1,076 shares of the technology company’s stock worth $367,000 after purchasing an additional 29 shares during the last quarter. James Investment Research Inc. boosted its stake in Twilio by 5.2% during the 1st quarter. James Investment Research Inc. now owns 584 shares of the technology company’s stock worth $199,000 after purchasing an additional 29 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in Twilio by 3.4% during the 1st quarter. Mayflower Financial Advisors LLC now owns 908 shares of the technology company’s stock worth $309,000 after purchasing an additional 30 shares during the last quarter. Finally, Tuttle Tactical Management boosted its stake in Twilio by 3.2% during the 1st quarter. Tuttle Tactical Management now owns 1,060 shares of the technology company’s stock worth $361,000 after purchasing an additional 33 shares during the last quarter. 78.05% of the stock is currently owned by hedge funds and other institutional investors.

TWLO has been the topic of several recent research reports. Daiwa Capital Markets initiated coverage on shares of Twilio in a research note on Thursday, July 1st. They set a “buy” rating and a $463.00 target price on the stock. Wolfe Research boosted their price target on shares of Twilio from $440.00 to $480.00 and gave the company an “outperform” rating in a research report on Monday, July 12th. TheStreet raised shares of Twilio from a “d+” rating to a “c” rating in a research report on Tuesday, April 27th. Needham & Company LLC started coverage on shares of Twilio in a research report on Monday, June 21st. They set a “buy” rating and a $430.00 price target on the stock. Finally, KeyCorp boosted their price target on shares of Twilio from $410.00 to $424.00 and gave the company an “overweight” rating in a research report on Tuesday, June 22nd. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Twilio presently has an average rating of “Buy” and a consensus target price of $445.69.

In other news, CFO Khozema Shipchandler sold 3,225 shares of the stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $315.99, for a total value of $1,019,067.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 1,500 shares of the stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $372.45, for a total value of $558,675.00. Following the completion of the sale, the director now directly owns 14,436 shares of the company’s stock, valued at $5,376,688.20. The disclosure for this sale can be found here. Insiders sold 83,961 shares of company stock valued at $29,116,591 over the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

TWLO stock opened at $393.90 on Thursday. The stock’s 50 day moving average price is $352.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 12.19 and a current ratio of 12.19. Twilio Inc. has a fifty-two week low of $216.23 and a fifty-two week high of $457.30.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, May 5th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.63. Twilio had a negative net margin of 30.33% and a negative return on equity of 5.84%. The firm had revenue of $589.99 million for the quarter, compared to analyst estimates of $533.44 million. Analysts anticipate that Twilio Inc. will post -2.56 EPS for the current year.

About Twilio

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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