AIA Group Ltd Buys Shares of 4,024 Twilio Inc. (NYSE:TWLO)

AIA Group Ltd bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,024 shares of the technology company's stock, valued at approximately $435,000.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its stake in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after buying an additional 2,864,235 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Twilio by 1.3% in 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 last quarter. Norges Bank acquired a new position in Twilio in the fourth quarter valued at approximately $222,146,000. Bank of New York Mellon Corp grew its holdings in shares of 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 valued at $109,056,000 after purchasing an additional 99,786 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Twilio by 0.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock worth $56,541,000 after purchasing an additional 4,061 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 11.3 %

Shares of Twilio stock traded down $11.35 on Thursday, reaching $89.02. 4,846,489 shares of the company were exchanged, compared to its average volume of 2,628,890. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of -139.09, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The stock has a fifty day moving average price of $119.24 and a 200-day moving average price of $101.42.

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Twilio (NYSE:TWLO - Get Free Report) last posted 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). The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on TWLO. Royal Bank of Canada restated an "underperform" rating and set a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. Monness Crespi & Hardt lifted their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. UBS Group upped their target price on shares of Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Stifel Nicolaus lifted their price target on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. Finally, William Blair reissued an "outperform" rating on shares of Twilio in a report on Friday, February 14th. One equities 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $135.35.

Insider Buying and Selling

In other 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 completion of the sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 40,857 shares of company stock valued at $4,318,654. 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.