Twilio Inc. (NYSE:TWLO) Shares Purchased by KBC Group NV

KBC Group NV grew its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 1,138.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,174 shares of the technology company's stock after buying an additional 258,469 shares during the period. KBC Group NV owned 0.18% of Twilio worth $30,389,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TWLO. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Twilio in the third quarter valued at about $46,000. Venturi Wealth Management LLC boosted its stake in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after buying an additional 493 shares during the period. Huntington National Bank grew its holdings in shares of Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company's stock worth $51,000 after buying an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp acquired a new position in Twilio in the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,527 shares of company stock worth $2,844,655. Corporate insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of TWLO traded down $0.65 during trading hours on Wednesday, reaching $146.32. 4,595,598 shares of the company traded hands, compared to its average volume of 3,791,982. The stock has a market capitalization of $22.44 billion, a PE ratio of -56.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The stock has a fifty day simple moving average of $111.06 and a 200 day simple moving average of $82.78. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $148.37. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TWLO shares. Northland Securities increased their price objective on Twilio from $66.00 to $86.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Tigress Financial lifted their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of Twilio from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $77.00 to $185.00 in a research report on Monday. Wells Fargo & Company increased their target price on Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, Needham & Company LLC lifted their price target on Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Twilio has an average rating of "Moderate Buy" and an average price target of $119.25.

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.