Harvest Fund Management Co. Ltd Takes Position in Twilio Inc. (NYSE:TWLO)

Harvest Fund Management Co. Ltd bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,423 shares of the technology company's stock, valued at approximately $1,992,000.

A number of other institutional investors have also modified their holdings of TWLO. True Wealth Design LLC boosted its stake in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after buying an additional 416 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Twilio in the fourth quarter valued at $44,000. Finally, Brooklyn Investment Group acquired a new position in Twilio during the third quarter worth about $46,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Up 2.9 %

Shares of TWLO stock traded up $2.95 during mid-day trading on Monday, reaching $106.40. 1,727,842 shares of the company were exchanged, compared to its average volume of 2,623,528. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business's 50 day simple moving average is $121.32 and its 200 day simple moving average is $99.40. The company has a market capitalization of $16.24 billion, a P/E ratio of -166.25, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

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Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

TWLO has been the subject of a number of recent research reports. UBS Group lifted their price objective on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Tigress Financial increased their price target on shares of Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Morgan Stanley upgraded Twilio from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $144.00 to $160.00 in a report on Monday, February 24th. Finally, Barclays lifted their target price on Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and an average price target of $135.35.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock worth $2,441,324 over the last quarter. 4.50% of the stock is owned by corporate insiders.

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.