Aster Capital Management DIFC Ltd Purchases New Position in Twilio Inc. (NYSE:TWLO)

Aster Capital Management DIFC Ltd 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 disclosure with the Securities and Exchange Commission. The fund bought 18,372 shares of the technology company's stock, valued at approximately $1,986,000. Twilio makes up about 0.8% of Aster Capital Management DIFC Ltd's holdings, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWLO. Arrowstreet Capital Limited Partnership raised its position in shares of Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after buying an additional 2,864,235 shares in the last quarter. Norges Bank bought a new stake in shares of Twilio during the 4th quarter valued at about $222,146,000. Schroder Investment Management Group grew its holdings in shares of Twilio by 3,999.9% during the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after purchasing an additional 509,153 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Twilio by 1,267.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock worth $49,115,000 after purchasing an additional 421,199 shares during the last quarter. Finally, Oribel Capital Management LP purchased a new stake in Twilio in the fourth quarter valued at approximately $40,595,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Down 0.6 %

TWLO stock traded down $0.48 on Friday, reaching $85.25. The company's stock had a trading volume of 857,436 shares, compared to its average volume of 2,639,317. The firm has a market cap of $13.01 billion, a PE ratio of -132.57, a PEG ratio of 4.30 and a beta of 1.50. The business has a fifty day simple moving average of $111.02 and a two-hundred day simple moving average of $102.57. 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 quick ratio of 5.06 and a current 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 earnings per share 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on TWLO. William Blair reissued an "outperform" rating on shares of Twilio in a report on Friday, February 14th. JMP Securities reissued a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. UBS Group upped their price objective on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group raised their price objective on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a report on Friday, February 14th. 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 note on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $135.35.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 1,391 shares of the company's stock in a transaction dated 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 $18,990,140.69. This represents a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The shares were 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 of the company's stock, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,471 shares of company stock worth $2,344,149. Company 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.