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

KBC Group NV grew its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 236.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 945,594 shares of the technology company's stock after buying an additional 664,420 shares during the period. KBC Group NV owned 0.62% of Twilio worth $92,583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. purchased a new position in Twilio during the first quarter worth $37,000. CX Institutional acquired a new stake in shares of Twilio in the first quarter worth $39,000. Parkside Financial Bank & Trust increased its position in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 166 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after acquiring an additional 360 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in shares of Twilio by 1,778.6% during the 1st quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after buying an additional 498 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 14,545 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the completion of the transaction, the chief executive officer owned 280,589 shares in the company, valued at $25,704,758.29. This trade represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,924 shares of Twilio stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the completion of the transaction, the chief financial officer directly owned 165,982 shares in the company, valued at $18,714,470.50. This represents a 1.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,304 shares of company stock valued at $2,841,735 over the last three months. Company insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of TWLO traded down $0.72 during mid-day trading on Wednesday, hitting $116.51. The company's stock had a trading volume of 1,987,826 shares, compared to its average volume of 2,625,731. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The firm has a 50-day moving average price of $112.58 and a 200 day moving average price of $111.61. Twilio Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $151.95. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of -554.81, a PEG ratio of 3.87 and a beta of 1.30.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on TWLO. Tigress Financial restated a "buy" rating and issued a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. Wells Fargo & Company cut their price target on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. 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. Finally, KeyCorp started coverage on shares of Twilio in a research note on Friday, June 6th. They set an "overweight" rating and a $146.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Twilio presently has an average rating of "Moderate Buy" and an average target price of $126.39.

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.