Twilio Inc. (NYSE:TWLO) Shares Bought by Forsta AP Fonden

Key Points

• Forsta AP Fonden has increased its stake in Twilio Inc. by 81.3%, acquiring an additional 35,700 shares to total 79,600 shares valued at approximately $7.79 million.
• A significant number of institutional investors have also recently modified their holdings in Twilio, with Jericho Capital purchasing a new position worth about $301 million and other firms substantially increasing their stakes.
• Twilio's latest earnings report indicated an EPS of $1.19, surpassing expectations, with revenue up by 13.5% compared to the same quarter last year.

Forsta AP Fonden lifted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 81.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,600 shares of the technology company's stock after buying an additional 35,700 shares during the period. Forsta AP Fonden owned approximately 0.05% of Twilio worth $7,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI boosted its stake in shares of Twilio by 51.9% in the 1st quarter. National Bank of Canada FI now owns 1,010 shares of the technology company's stock worth $99,000 after buying an additional 345 shares during the last quarter. Citigroup Inc. lifted its position in Twilio by 0.9% during the first quarter. Citigroup Inc. now owns 149,629 shares of the technology company's stock valued at $14,650,000 after purchasing an additional 1,294 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Twilio by 10.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 132,825 shares of the technology company's stock valued at $13,005,000 after purchasing an additional 13,067 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Twilio by 3.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,271,273 shares of the technology company's stock valued at $124,470,000 after purchasing an additional 41,896 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in Twilio during the first quarter valued at $716,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Khozema Shipchandler sold 13,595 shares of Twilio stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total value of $1,591,430.70. Following the sale, the chief executive officer directly owned 246,986 shares in the company, valued at approximately $28,912,181.16. The trade was a 5.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares in the company, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,888 shares of company stock worth $6,753,409 in the last ninety days. Company insiders own 4.50% of the company's stock.

Twilio Stock Up 2.6%

Twilio stock traded up $2.46 during mid-day trading on Wednesday, reaching $97.69. 566,808 shares of the company were exchanged, compared to its average volume of 3,008,245. Twilio Inc. has a 12-month low of $56.85 and a 12-month high of $151.95. The business has a fifty day moving average of $120.94 and a 200 day moving average of $113.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.90. The firm has a market cap of $14.91 billion, a P/E ratio of 813.47, a PEG ratio of 2.95 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a return on equity of 2.78% and a net margin of 0.43%. The firm's revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. Research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on TWLO. Morgan Stanley lowered their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. Piper Sandler boosted their price objective on Twilio from $140.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Twilio in a research note on Friday, May 16th. Finally, Mizuho cut their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.74.

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.