KBC Group NV Has $92.58 Million Stake in Twilio Inc. (NYSE:TWLO)

KBC Group NV grew its position in Twilio Inc. (NYSE:TWLO - Free Report) by 236.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 945,594 shares of the technology company's stock after purchasing an additional 664,420 shares during the quarter. KBC Group NV owned about 0.62% of Twilio worth $92,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp lifted its stake in Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after purchasing an additional 85 shares during the last quarter. Freestone Capital Holdings LLC lifted its stake in Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock worth $423,000 after purchasing an additional 124 shares during the last quarter. Harbour Investments Inc. lifted its stake in Twilio by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock worth $439,000 after purchasing an additional 135 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Twilio by 6.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock worth $239,000 after purchasing an additional 140 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Analysts Set New Price Targets

TWLO has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Twilio in a research note on Friday, May 16th. Mizuho dropped their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. KeyCorp initiated coverage on Twilio in a research note on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target for the company. Piper Sandler increased their price target on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada reaffirmed an "underperform" rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and an average target price of $126.39.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,924 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $112.75, for a total value of $216,931.00. Following the completion of the sale, the chief financial officer now owns 165,982 shares in the company, valued at approximately $18,714,470.50. This trade represents a 1.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction 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 $28,297,447.92. This trade represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock worth $4,719,065 in the last three months. Company insiders own 0.21% of the company's stock.

Twilio Price Performance

Shares of TWLO opened at $122.92 on Friday. The stock has a market cap of $18.77 billion, a PE ratio of -585.31, a price-to-earnings-growth ratio of 3.82 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. Twilio Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $151.95. The firm's 50-day simple moving average is $111.05 and its two-hundred day simple moving average is $111.51.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. Analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal 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.

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