Allstate Corp Acquires Shares of 4,586 Twilio Inc. (NYSE:TWLO)

Allstate Corp bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,586 shares of the technology company's stock, valued at approximately $496,000.

Several other hedge funds have also recently bought and sold shares of TWLO. Norges Bank bought a new stake in shares of Twilio during the fourth quarter worth $222,146,000. Los Angeles Capital Management LLC lifted its position in Twilio by 1,267.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after acquiring an additional 421,199 shares in the last quarter. KBC Group NV boosted its stake in Twilio by 1,138.4% in the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company's stock worth $30,389,000 after purchasing an additional 258,469 shares during the period. Raymond James Financial Inc. bought a new position in Twilio during the 4th quarter worth about $25,778,000. Finally, Franklin Resources Inc. raised its stake in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock valued at $14,341,000 after purchasing an additional 193,971 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $721,401.12. Following the transaction, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at $16,936,243.20. This represents a 4.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,857 shares of company stock worth $4,318,654. Company insiders own 4.50% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

TWLO has been the subject of several recent research reports. The Goldman Sachs Group raised Twilio from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. 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 research note on Friday, January 24th. Morgan Stanley upgraded shares of Twilio from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $144.00 to $160.00 in a report on Monday, February 24th. 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. Finally, Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.35.

Twilio Stock Performance

TWLO stock traded down $11.35 during midday trading on Thursday, reaching $89.02. 4,846,489 shares of the company were exchanged, compared to its average volume of 2,628,890. Twilio Inc. has a one year low of $52.51 and a one year 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 business has a 50-day moving average price of $119.72 and a two-hundred day moving average price of $101.51. 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 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). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

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.