48,885 Shares in Twilio Inc. (NYSE:TWLO) Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ bought a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 48,885 shares of the technology company's stock, valued at approximately $5,283,000.

A number of other institutional investors have also recently added to or reduced their stakes in TWLO. Arrowstreet Capital Limited Partnership lifted its stake in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after acquiring an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Twilio in the fourth quarter valued at approximately $301,258,000. Norges Bank acquired a new stake in Twilio in the fourth quarter valued at approximately $222,146,000. Two Sigma Investments LP lifted its stake in Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after acquiring an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in Twilio in the fourth quarter valued at approximately $111,312,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction on 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 owns 176,640 shares in the company, valued at approximately $16,936,243.20. The trade was a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction on Monday, March 31st. The shares were 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 in the company, valued at $28,297,447.92. This represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,784 shares of company stock valued at $4,226,942 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Performance

Twilio stock traded up $0.74 on Friday, hitting $117.97. The company's stock had a trading volume of 2,757,890 shares, compared to its average volume of 2,681,008. The firm has a market cap of $18.01 billion, a P/E ratio of -184.33, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. 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 company has a fifty day moving average price of $99.68 and a 200-day moving average price of $109.47. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Twilio in a research note on Friday, May 16th. Scotiabank lifted their price target on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price target on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Tigress Financial reissued a "buy" rating and issued a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. Finally, Wells Fargo & Company dropped their price target on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.41.

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.