3,142 Shares in Twilio Inc. (NYSE:TWLO) Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,142 shares of the technology company’s stock, valued at approximately $340,000.

Several other large investors have also recently made changes to their positions in TWLO. FMR LLC boosted its stake in Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares during the last quarter. Geode Capital Management LLC boosted its stake in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after buying an additional 33,824 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Twilio by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after buying an additional 99,786 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Twilio by 0.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after purchasing an additional 4,061 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % 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 in the last three months. 4.50% of the stock is currently owned by company insiders.

Twilio Trading Down 1.2 %

TWLO opened at $101.74 on Friday. The company has a market cap of $15.53 billion, a P/E ratio of -158.97, a PEG ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The business’s 50-day simple moving average is $121.41 and its 200-day simple moving average is $98.58.

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, equities research analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on TWLO. Jefferies Financial Group upped their price target on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Morgan Stanley raised Twilio from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Piper Sandler reaffirmed 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. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $75.00 target price on shares of Twilio in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.35.

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.