2,055,389 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Norges Bank

Norges Bank purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,055,389 shares of the technology company’s stock, valued at approximately $222,146,000. Norges Bank owned about 1.34% of Twilio at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp grew its position in shares of Twilio by 1.0% in the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after purchasing an additional 85 shares during the last quarter. Allworth Financial LP grew its holdings in Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after buying an additional 94 shares in the last quarter. GHP Investment Advisors Inc. increased its position in Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after buying an additional 104 shares during the period. Tidal Investments LLC lifted its holdings in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after buying an additional 112 shares in the last quarter. Finally, Freestone Capital Holdings LLC boosted its position in shares of Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock valued at $423,000 after acquiring an additional 124 shares during the period. 84.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Monness Crespi & Hardt raised their target price on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler reiterated an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. UBS Group raised their price objective on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, StockNews.com cut Twilio from a “buy” rating to a “hold” rating in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

Twilio Stock Performance

Shares of TWLO stock opened at $98.86 on Monday. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of -154.47, a PEG 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 business’s 50-day moving average price is $120.55 and its 200-day moving average price is $100.97. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Equities research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

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.