OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in Twilio Inc. (NYSE:TWLO)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,142 shares of the technology company's stock, valued at approximately $340,000.

A number of other large investors have also added to or reduced their stakes in TWLO. Victory Capital Management Inc. lifted its position in shares of Twilio by 41.8% during the 3rd quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company's stock valued at $2,537,000 after acquiring an additional 11,472 shares during the period. CIBC Asset Management Inc raised its stake in Twilio by 5.3% in the third quarter. CIBC Asset Management Inc now owns 6,421 shares of the technology company's stock valued at $419,000 after purchasing an additional 325 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Twilio during the third quarter worth about $253,000. Caprock Group LLC grew its stake in Twilio by 152.2% during the third quarter. Caprock Group LLC now owns 11,038 shares of the technology company's stock worth $720,000 after buying an additional 6,661 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in Twilio during the third quarter worth about $280,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 0.3 %

TWLO traded down $0.31 during trading on Tuesday, hitting $105.96. The company's stock had a trading volume of 1,677,123 shares, compared to its average volume of 2,623,438. The stock's fifty day moving average price is $121.29 and its 200-day moving average price is $99.71. The firm has a market capitalization of $16.17 billion, a P/E ratio of -165.56, a PEG ratio of 4.30 and a beta of 1.47. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

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Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TWLO shares. Royal Bank of Canada restated an "underperform" rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. Oppenheimer increased their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Monness Crespi & Hardt upped their price target on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Monday, January 27th. The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and an average price target of $135.35.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 6,552 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company's stock, 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. Over the last quarter, insiders have sold 21,277 shares of company stock worth $2,441,324. Corporate insiders own 4.50% of the company's stock.

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.