Axa S.A. Boosts Holdings in Twilio Inc. (NYSE:TWLO)

AXA S.A. grew its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 244.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,057 shares of the technology company's stock after buying an additional 12,105 shares during the period. AXA S.A.'s holdings in Twilio were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Twilio by 718.7% during the 4th 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 during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Twilio in the 4th quarter worth approximately $301,258,000. Norges Bank purchased a new stake in shares of Twilio during the 4th quarter worth approximately $222,146,000. Renaissance Technologies LLC purchased a new position in shares of Twilio in the fourth quarter valued at $62,999,000. Finally, Schroder Investment Management Group increased its position in Twilio by 3,999.9% in the fourth 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 during the last quarter. Institutional investors own 84.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TWLO shares. UBS Group dropped their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. Tigress Financial reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Twilio in a research note on Thursday. Mizuho cut their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Piper Sandler raised their price target on Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio currently has an average rating of "Moderate Buy" and an average target price of $124.41.

Twilio Stock Up 0.5 %

TWLO stock traded up $0.48 during trading on Friday, hitting $105.71. 1,665,063 shares of the company's stock traded hands, compared to its average volume of 2,666,200. The firm has a market capitalization of $16.13 billion, a P/E ratio of -165.17, a PEG ratio of 4.30 and a beta of 1.44. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. 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 business has a fifty day simple moving average of $95.98 and a two-hundred day simple moving average of $106.27.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.80 EPS. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the transaction, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. This trade represents a 4.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 0.21% of the company's stock.

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.