American International Group Inc. trimmed its holdings in shares of Twilio Inc (NYSE:TWLO) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,754 shares of the technology company’s stock after selling 2,138 shares during the quarter. American International Group Inc.’s holdings in Twilio were worth $1,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Delpha Capital Management LLC purchased a new position in Twilio during the fourth quarter worth about $101,000. SeaCrest Wealth Management LLC purchased a new position in Twilio during the fourth quarter worth about $123,000. Public Employees Retirement Association of Colorado purchased a new position in Twilio during the fourth quarter worth about $159,000. Pinnacle Associates Ltd. purchased a new position in Twilio during the fourth quarter worth about $210,000. Finally, Prudential Financial Inc. purchased a new position in Twilio during the first quarter worth about $228,000. Institutional investors and hedge funds own 62.84% of the company’s stock.

In other news, CFO Lee Kirkpatrick sold 15,637 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $40.65, for a total value of $635,644.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Karyn Smith sold 3,497 shares of the business’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $54.86, for a total value of $191,845.42. The disclosure for this sale can be found here. In the last three months, insiders sold 85,804 shares of company stock valued at $3,828,772. 19.80% of the stock is currently owned by corporate insiders.

Twilio opened at $53.97 on Friday, according to Marketbeat. Twilio Inc has a 12-month low of $23.25 and a 12-month high of $56.66. The stock has a market capitalization of $5.17 billion, a PE ratio of -69.19 and a beta of -0.55.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Tuesday, May 8th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. Twilio had a negative return on equity of 21.88% and a negative net margin of 16.61%. The firm had revenue of $129.12 million during the quarter, compared to analysts’ expectations of $115.92 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s revenue for the quarter was up 47.8% compared to the same quarter last year. research analysts anticipate that Twilio Inc will post -0.8 earnings per share for the current fiscal year.

Several equities analysts recently commented on TWLO shares. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Citigroup boosted their target price on Twilio to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 13th. Vetr cut Twilio from a “buy” rating to a “hold” rating and set a $42.47 target price for the company. in a research report on Wednesday, April 18th. Monness Crespi & Hardt started coverage on Twilio in a research report on Wednesday, April 11th. They set a “buy” rating and a $60.00 target price for the company. Finally, Dougherty & Co started coverage on Twilio in a research report on Tuesday, April 10th. They set a “buy” rating and a $45.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.90.

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.

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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