Twilio Inc. (NYSE:TWLO) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS boosted its position in shares of Twilio Inc. (NYSE:TWLO) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,906 shares of the technology company’s stock after buying an additional 182 shares during the period. DnB Asset Management AS’s holdings in Twilio were worth $3,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares during the last quarter. Norges Bank acquired a new position in Twilio in the fourth quarter valued at $222,146,000. Bank of New York Mellon Corp raised its holdings in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock valued at $109,056,000 after buying an additional 99,786 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after buying an additional 4,061 shares during the period. Finally, Amundi grew its holdings in shares of Twilio by 53.4% during the fourth quarter. Amundi now owns 517,052 shares of the technology company’s stock worth $57,424,000 after buying an additional 179,899 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their position. The sale 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 firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. 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. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

TWLO has been the subject of several analyst reports. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Mizuho boosted their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Scotiabank raised their target price on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, UBS Group lifted their target price on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $135.35.

Twilio Stock Performance

NYSE:TWLO opened at $98.20 on Tuesday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a market capitalization of $14.99 billion, a P/E ratio of -153.44, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $120.28 and a two-hundred day moving average price of $101.24.

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 the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Twilio 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.