Principal Financial Group Inc. Has $41.57 Million Stock Holdings in Twilio Inc. (NYSE:TWLO)

Principal Financial Group Inc. lifted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 197.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 424,593 shares of the technology company's stock after purchasing an additional 281,991 shares during the quarter. Principal Financial Group Inc. owned 0.28% of Twilio worth $41,572,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings in Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in Twilio during the 4th quarter worth about $301,258,000. Norges Bank acquired a new position in Twilio during the 4th quarter worth about $222,146,000. Two Sigma Investments LP grew its holdings in Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $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 4th quarter valued at about $111,312,000. 84.27% of the stock is owned by institutional investors.

Twilio Stock Up 1.1%

TWLO stock traded up $1.28 during mid-day trading on Monday, hitting $121.55. 1,520,618 shares of the company were exchanged, compared to its average volume of 2,632,295. 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 1-year low of $55.38 and a 1-year high of $151.95. The firm's 50 day simple moving average is $114.21 and its 200 day simple moving average is $111.87. The firm has a market cap of $18.56 billion, a P/E ratio of -578.81, a P/E/G ratio of 3.74 and a beta of 1.30.

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

Insider Transactions at Twilio

In other news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director directly owned 33,488 shares of the company's stock, valued at $4,019,564.64. This trade represents a 10.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 7,964 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $124.33, for a total transaction of $990,164.12. Following the completion of the sale, the chief financial officer directly owned 156,120 shares in the company, valued at approximately $19,410,399.60. This represents a 4.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,996 shares of company stock valued at $4,190,814 over the last three months. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TWLO shares. KeyCorp assumed coverage on shares of Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price target for the company. Jefferies Financial Group set a $132.00 target price on Twilio and gave the company a "hold" rating in a research note on Sunday, June 15th. Wells Fargo & Company cut their price target on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Tigress Financial reiterated a "buy" rating and issued a $170.00 price objective on shares of Twilio in a research report on Thursday, May 8th. Finally, HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and upped their target price for the company from $77.00 to $99.00 in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.39.

Twilio 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.