Norges Bank Takes Position in Twilio Inc. (NYSE:TWLO)

Norges Bank acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,055,389 shares of the technology company's stock, valued at approximately $222,146,000. Norges Bank owned approximately 1.34% of Twilio at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blair William & Co. IL grew its holdings in Twilio by 173.9% in the 4th quarter. Blair William & Co. IL now owns 224,073 shares of the technology company's stock valued at $24,218,000 after buying an additional 142,253 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Twilio during the 4th quarter valued at about $2,284,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Twilio by 11.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 119,758 shares of the technology company's stock valued at $13,543,000 after purchasing an additional 12,117 shares during the period. Parametrica Management Ltd acquired a new stake in Twilio during the fourth quarter worth about $349,000. Finally, Ausdal Financial Partners Inc. raised its stake in Twilio by 35.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 4,673 shares of the technology company's stock worth $505,000 after purchasing an additional 1,234 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TWLO shares. Wells Fargo & Company raised their price target on shares of Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $144.00 to $160.00 in a research note on Monday, February 24th. Needham & Company LLC upped their price target on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $142.00 target price (up previously from $94.00) on shares of Twilio in a research report 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.35.

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Twilio Stock Up 2.6 %

Shares of TWLO stock traded up $2.54 during trading hours on Wednesday, reaching $100.71. 1,697,888 shares of the stock were exchanged, compared to its average volume of 2,621,050. The business's fifty day moving average is $119.96 and its two-hundred day moving average is $101.51. The firm has a market capitalization of $15.37 billion, a P/E ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 12-month low of $52.51 and a 12-month 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 - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. As a group, research analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business's 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 sale, the chief executive officer now owns 244,971 shares of the company's stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 over the last quarter. 4.50% of the stock is owned by insiders.

Twilio Company 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.