AIA Group Ltd Makes New Investment in Twilio Inc. (NYSE:TWLO)

AIA Group Ltd acquired a new position in Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,024 shares of the technology company’s stock, valued at approximately $435,000.

Several other institutional investors have also added to or reduced their stakes in TWLO. Arrowstreet Capital Limited Partnership grew its stake in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Geode Capital Management LLC raised its position 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 acquiring an additional 33,824 shares during the period. Norges Bank acquired a new stake in Twilio in the 4th quarter worth about $222,146,000. Bank of New York Mellon Corp boosted its stake 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 worth $109,056,000 after acquiring an additional 99,786 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TWLO. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $144.00 to $160.00 in a report on Monday, February 24th. JMP Securities restated a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Tuesday. William Blair restated an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Finally, Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the 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 completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,277 shares of company stock valued at $2,441,324. Insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Shares of TWLO opened at $98.09 on Wednesday. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of -153.26, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $119.96 and a 200 day moving average price of $101.51.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 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 during the quarter, compared to analysts’ expectations of $1.19 billion. Research analysts predict that Twilio Inc. will post 1.44 EPS 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.