Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Twilio Inc. (NYSE:TWLO)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Twilio Inc. (NYSE:TWLO) by 170.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 167,176 shares of the technology company’s stock after acquiring an additional 105,257 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Twilio were worth $18,068,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Amundi boosted its position in shares of Twilio by 53.4% during the 4th quarter. Amundi now owns 517,052 shares of the technology company’s stock valued at $57,424,000 after acquiring an additional 179,899 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Twilio in the fourth quarter valued at approximately $655,000. Callan Family Office LLC bought a new stake in Twilio during the fourth quarter valued at approximately $206,000. Candriam S.C.A. grew its stake in Twilio by 35.3% in the 4th quarter. Candriam S.C.A. now owns 171,917 shares of the technology company’s stock worth $18,581,000 after buying an additional 44,890 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its stake in Twilio by 3.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock worth $423,000 after buying an additional 124 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of TWLO stock opened at $100.13 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market cap of $15.36 billion, a P/E ratio of -156.46, a P/E/G ratio of 4.30 and a beta of 1.47. The business’s 50 day moving average price is $122.90 and its 200-day moving average price is $97.21. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. On average, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TWLO. Tigress Financial raised their price objective on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Monness Crespi & Hardt raised their price objective on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Jefferies Financial Group upped their target price on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and an average target price of $134.26.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock valued at $2,441,324 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.