Norges Bank Makes New $222.15 Million Investment in Twilio Inc. (NYSE:TWLO)

Norges Bank bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,055,389 shares of the technology company's stock, valued at approximately $222,146,000. Norges Bank owned approximately 1.34% of Twilio at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. True Wealth Design LLC boosted its position in shares of Twilio by 5,200.0% in 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 last quarter. JFS Wealth Advisors LLC boosted its holdings in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Twilio during the 4th quarter worth approximately $44,000. Finally, Private Trust Co. NA grew its holdings in Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares during the period. 84.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Mizuho lifted their price target on Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Oppenheimer boosted their price objective 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. UBS Group raised their price target on Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, William Blair reaffirmed an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.35.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction dated 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 owns 244,971 shares of the company's stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,857 shares of company stock valued at $4,318,654 in the last quarter. Insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of TWLO stock traded down $6.13 on Friday, hitting $83.40. 3,441,003 shares of the company's stock were exchanged, compared to its average volume of 2,633,338. The company has a 50 day moving average of $118.19 and a 200 day moving average of $101.58. The stock has a market cap of $12.73 billion, a P/E ratio of -130.32, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. 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 posted 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

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.