Korea Investment CORP Has $16.57 Million Holdings in Twilio Inc. (NYSE:TWLO)

Korea Investment CORP reduced its position in Twilio Inc. (NYSE:TWLO - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,320 shares of the technology company's stock after selling 36,500 shares during the period. Korea Investment CORP owned about 0.10% of Twilio worth $16,571,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock worth $177,622,000 after buying an additional 33,824 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Twilio by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after acquiring an additional 99,786 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Twilio by 0.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock worth $56,541,000 after purchasing an additional 4,061 shares during the last quarter. Maverick Capital Ltd. boosted its position in Twilio by 0.7% during the third quarter. Maverick Capital Ltd. now owns 766,775 shares of the technology company's stock worth $50,009,000 after purchasing an additional 5,219 shares during the period. Finally, Amundi grew its holdings in Twilio by 53.4% during the fourth quarter. Amundi now owns 517,052 shares of the technology company's stock valued at $57,424,000 after purchasing an additional 179,899 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

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Twilio Price Performance

NYSE:TWLO traded up $2.16 during trading hours on Wednesday, reaching $100.33. The company had a trading volume of 1,033,016 shares, compared to its average volume of 2,618,546. 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 stock has a 50-day moving average of $119.96 and a two-hundred day moving average of $101.51. 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 $15.31 billion, a PE ratio of -156.77, a PEG ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,391 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,277 shares of company stock worth $2,441,324. Insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TWLO shares. Morgan Stanley raised shares of 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. Scotiabank raised their price target on Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Oppenheimer boosted their price objective on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Robert W. Baird raised Twilio from a "neutral" rating to an "outperform" rating and raised their target price for the company from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Barclays lifted their price target on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

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.