KLP Kapitalforvaltning AS Acquires New Holdings in Twilio Inc. (NYSE:TWLO)

KLP Kapitalforvaltning AS bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 80,600 shares of the technology company’s stock, valued at approximately $8,711,000. KLP Kapitalforvaltning AS owned 0.05% of Twilio at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. True Wealth Design LLC boosted its position in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. JFS Wealth Advisors LLC lifted its stake in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Twilio in the fourth quarter valued at $44,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Twilio in the 3rd quarter valued at $46,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on TWLO. Monness Crespi & Hardt lifted their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. Stifel Nicolaus increased their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Piper Sandler restated an “overweight” rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Finally, StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Twilio has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Twilio Stock Performance

NYSE TWLO opened at $106.40 on Tuesday. The company has a fifty day moving average of $121.29 and a two-hundred day moving average of $99.71. The company has a market capitalization of $16.24 billion, a PE ratio of -166.25, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last announced its earnings results 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). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

About Twilio

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.