APG Asset Management US Inc. Invests $519,000 in Twilio Inc. (NYSE:TWLO)

APG Asset Management US Inc. bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,803 shares of the technology company's stock, valued at approximately $519,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TWLO. JFS Wealth Advisors LLC raised its holdings in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Twilio during the 4th quarter worth approximately $44,000. Private Trust Co. NA raised its position in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock worth $49,000 after acquiring an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Twilio in the 4th quarter valued at approximately $75,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction 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 sale, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

A number of research firms have issued reports on TWLO. Tigress Financial increased their price objective on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. William Blair reissued an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Piper Sandler restated an "overweight" rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Finally, Stifel Nicolaus raised their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $134.26.

Twilio Price Performance

Shares of NYSE TWLO traded up $1.65 during midday trading on Tuesday, reaching $88.07. 562,024 shares of the stock traded hands, compared to its average volume of 2,634,183. Twilio Inc. has a one year low of $52.51 and a one year 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. The company's 50 day moving average is $108.62 and its 200 day moving average is $103.16. The stock has a market capitalization of $13.44 billion, a PE ratio of -137.61, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 positive return on equity of 1.38% and a negative net margin of 2.45%. On average, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current 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.