APG Asset Management N.V. Grows Stock Position in Twilio Inc. (NYSE:TWLO)

APG Asset Management N.V. raised its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1,342.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,775 shares of the technology company's stock after purchasing an additional 89,134 shares during the quarter. APG Asset Management N.V. owned 0.06% of Twilio worth $9,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Norges Bank purchased a new position in shares of Twilio in the fourth quarter valued at about $222,146,000. Renaissance Technologies LLC purchased a new stake in shares of Twilio during the fourth quarter worth about $62,999,000. Schroder Investment Management Group lifted its holdings in Twilio by 3,999.9% in the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock worth $56,687,000 after purchasing an additional 509,153 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Twilio by 1,267.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock valued at $49,115,000 after buying an additional 421,199 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have weighed in on TWLO shares. Wells Fargo & Company boosted their price objective on Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Scotiabank boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their target price on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Barclays boosted 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. Finally, Baird R W raised Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Twilio has an average rating of "Moderate Buy" and an average target price of $134.26.

Twilio Price Performance

NYSE TWLO traded up $1.87 on Tuesday, hitting $88.29. The company had a trading volume of 1,162,012 shares, compared to its average volume of 2,637,654. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company's fifty day moving average price is $108.62 and its 200-day moving average price is $103.16. The company has a market capitalization of $13.48 billion, a PE ratio of -137.95, a PEG ratio of 4.30 and a beta of 1.50.

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 analysts' consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity

In related news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 1,391 shares of the 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 transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 over the last three months. Insiders own 4.50% of the company's stock.

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.