Mitsubishi UFJ Asset Management Co. Ltd. Has $13.54 Million Holdings in Twilio Inc. (NYSE:TWLO)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 11.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,758 shares of the technology company's stock after acquiring an additional 12,117 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.08% of Twilio worth $13,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans purchased a new stake in shares of Twilio during the third quarter worth $253,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Twilio by 151.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock valued at $2,820,000 after buying an additional 26,062 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Twilio by 31.2% in the 3rd quarter. Townsquare Capital LLC now owns 4,970 shares of the technology company's stock valued at $324,000 after buying an additional 1,183 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Twilio by 2.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,919 shares of the technology company's stock worth $4,038,000 after buying an additional 1,317 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Twilio by 19.7% in the third quarter. Captrust Financial Advisors now owns 21,357 shares of the technology company's stock worth $1,393,000 after buying an additional 3,514 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

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Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This trade 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 can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's 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 owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,857 shares of company stock worth $4,318,654. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TWLO shares. Royal Bank of Canada reissued an "underperform" rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. Stifel Nicolaus increased their price target on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. Jefferies Financial Group lifted their price target on shares of Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company upped their price objective on shares of Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Twilio from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $77.00 to $185.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Twilio presently has an average rating of "Moderate Buy" and an average target price of $135.35.

Twilio Price Performance

TWLO stock traded up $2.54 during trading on Wednesday, hitting $100.71. 1,697,888 shares of the stock traded hands, compared to its average volume of 2,621,515. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $119.96 and a 200 day simple moving average of $101.51.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 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 analyst estimates of $1.19 billion. Equities analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal 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.