Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Twilio Inc. (NYSE:TWLO)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Twilio Inc. by 10.9%, owning approximately $13 million worth of shares after acquiring additional stock in the first quarter.
• Twilio's stock was reported to be trading down by 6.4%, with the company having a market cap of $14.10 billion and a high P/E ratio of 769.45.
• In the latest earnings report, Twilio surpassed expectations with an EPS of $1.19 compared to the consensus of $1.02, and reported a revenue of $1.23 billion, up 13.5% year-over-year.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 10.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 132,825 shares of the technology company's stock after purchasing an additional 13,067 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Twilio worth $13,005,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TWLO. Woodward Diversified Capital LLC raised its holdings in Twilio by 1.5% in the 1st quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company's stock worth $701,000 after acquiring an additional 103 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Twilio by 6.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock worth $239,000 after acquiring an additional 140 shares during the last quarter. Signaturefd LLC raised its holdings in Twilio by 4.9% in the 1st quarter. Signaturefd LLC now owns 3,560 shares of the technology company's stock worth $349,000 after acquiring an additional 167 shares during the last quarter. Pallas Capital Advisors LLC grew its position in Twilio by 2.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 6,591 shares of the technology company's stock worth $645,000 after purchasing an additional 171 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in Twilio by 9.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,060 shares of the technology company's stock worth $202,000 after purchasing an additional 174 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Price Performance

TWLO stock traded up $4.94 during mid-day trading on Friday, hitting $105.78. The company had a trading volume of 10,050,820 shares, compared to its average volume of 4,061,799. The company has a market capitalization of $16.15 billion, a price-to-earnings ratio of 881.57, a P/E/G ratio of 3.22 and a beta of 1.23. Twilio Inc. has a 12-month low of $56.85 and a 12-month high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $119.85 and a 200 day moving average price of $113.28.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company cut their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. KeyCorp started coverage on shares of Twilio in a research report on Friday, June 6th. They issued an "overweight" rating and a $146.00 target price for the company. Scotiabank boosted their price objective 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. Wall Street Zen downgraded shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Jefferies Financial Group set a $132.00 price objective on shares of Twilio and gave the company a "hold" rating in a research report on Sunday, June 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.74.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 8,297 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the sale, the chief financial officer directly owned 147,823 shares in the company, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 13,595 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the sale, the chief executive officer owned 246,986 shares in the company, valued at $28,912,181.16. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,964 shares of company stock worth $6,536,478 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

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.