Resona Asset Management Co. Ltd. Takes Position in Twilio Inc. (NYSE:TWLO)

Resona Asset Management Co. Ltd. acquired a new position in Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,658 shares of the technology company's stock, valued at approximately $4,834,000.

Several other large investors have also recently bought and sold shares of the stock. Ritholtz Wealth Management bought a new position in shares of Twilio in the fourth quarter valued at approximately $344,000. Bleakley Financial Group LLC acquired a new stake in shares of Twilio during the 4th quarter valued at $230,000. Aigen Investment Management LP lifted its holdings in shares of Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock valued at $1,248,000 after purchasing an additional 5,188 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of Twilio in the 4th quarter valued at $912,000. Finally, Moloney Securities Asset Management LLC purchased a new position in Twilio in the 4th quarter worth about $860,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Up 1.4 %

Twilio stock traded up $1.25 during midday trading on Monday, hitting $88.11. 190,660 shares of the stock were exchanged, compared to its average volume of 2,636,584. The company has a fifty day simple moving average of $109.84 and a two-hundred day simple moving average of $103.01. 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 market capitalization of $13.45 billion, a PE ratio of -137.67, 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.

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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Equities research analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity

In related news, CFO Aidan Viggiano sold 2,500 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction dated Monday, March 31st. The stock was 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 $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock worth $2,344,149 over the last ninety days. Insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TWLO shares. Jefferies Financial Group boosted their target price on shares of Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Morgan Stanley raised Twilio from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $144.00 to $160.00 in a research note on Monday, February 24th. Scotiabank boosted their price target on Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Piper Sandler restated an "overweight" rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Finally, Barclays upped their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and an average target price of $135.35.

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.