Capital World Investors Has $63.05 Million Stake in Twilio Inc. (NYSE:TWLO)

Capital World Investors boosted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 583,373 shares of the technology company's stock after buying an additional 4,491 shares during the quarter. Capital World Investors owned about 0.38% of Twilio worth $63,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Forum Financial Management LP acquired a new position in shares of Twilio during the fourth quarter worth approximately $492,000. GeoWealth Management LLC raised its position in shares of Twilio by 59.3% during the fourth quarter. GeoWealth Management LLC now owns 943 shares of the technology company's stock valued at $102,000 after buying an additional 351 shares during the last quarter. Commerce Bank lifted its stake in shares of Twilio by 725.7% in the fourth quarter. Commerce Bank now owns 27,273 shares of the technology company's stock valued at $2,948,000 after buying an additional 23,970 shares during the period. Farringdon Capital Ltd. bought a new position in Twilio during the fourth quarter valued at about $309,000. Finally, Zacks Investment Management raised its holdings in Twilio by 211.0% in the 4th quarter. Zacks Investment Management now owns 161,472 shares of the technology company's stock valued at $17,452,000 after acquiring an additional 109,556 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares of the company's stock, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TWLO. Wells Fargo & Company cut their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday. Piper Sandler reissued an "overweight" rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Baird R W raised shares of Twilio from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th. Royal Bank of Canada reissued an "underperform" rating and set a $75.00 price target on shares of Twilio in a report on Wednesday, March 19th. Finally, Stifel Nicolaus boosted their price objective on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $129.30.

Twilio Trading Up 1.7 %

Shares of TWLO traded up $1.62 during trading hours on Friday, reaching $95.15. The stock had a trading volume of 2,286,162 shares, compared to its average volume of 2,641,001. The company has a market cap of $14.52 billion, a P/E ratio of -148.67, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $99.35 and a 200 day moving average of $103.94.

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

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.