Zurcher Kantonalbank Zurich Cantonalbank Has $18.07 Million Holdings in Twilio Inc. (NYSE:TWLO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 170.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 167,176 shares of the technology company's stock after buying an additional 105,257 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.11% of Twilio worth $18,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TWLO. Pacer Advisors Inc. grew its holdings in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after purchasing an additional 444,295 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of 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 worth $49,115,000 after purchasing an additional 421,199 shares in the last quarter. KBC Group NV grew its stake in shares of Twilio by 1,138.4% in the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company's stock valued at $30,389,000 after buying an additional 258,469 shares during the period. Raymond James Financial Inc. bought a new stake in Twilio in the 4th quarter valued at about $25,778,000. Finally, Franklin Resources Inc. raised its stake in Twilio by 2,412.9% during the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company's stock worth $14,341,000 after buying an additional 193,971 shares during the period. Institutional investors own 84.27% of the company's stock.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 152,519 shares of the company's stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm'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 of the company's stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TWLO. Piper Sandler reissued an "overweight" rating and issued a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. Mizuho boosted their price target on shares of Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Scotiabank raised their price objective on shares of Twilio from $90.00 to $160.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Oppenheimer boosted their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, Monness Crespi & Hardt upped their target price on shares of Twilio from $135.00 to $152.00 and gave the stock a "buy" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.26.

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Twilio Trading Up 1.6 %

Shares of TWLO stock opened at $100.13 on Wednesday. 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 firm has a market cap of $15.36 billion, a P/E ratio of -156.46, a PEG ratio of 4.30 and a beta of 1.47. The company has a 50 day moving average of $122.90 and a 200-day moving average of $97.21. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.19 billion. Sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Twilio Company 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.

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